Given this quarter was a bit of a cock up on a few fronts the next quarter should be at least as good as previous ones and the SP should be looking up from here, maybe even back to former glory (gold price dependant obviously). Surely though the next quarter will be much better now the conveyor belt is fixed and new resources should be found. The drop in quarterly production is what buggered our AISC. With gold hopefully staying above $1800usd and the AUD getting a thumping I’m calling upward momentum from here.
in summary, a disappointing quarter (and has been priced in) but future looks good, even if we just get back to previous production levels we should see a 10% improvement with plenty more upside potential from there.
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