Basically where is the gold coming from, is it from new mined material or stockpiles. I read waste as being stockpiles. In the case of the use of stockpiles or waste in my mind they cant be used indefinitely, has to be replaced with new ore. In this report ore mined slightly down. But still better than most other goldies see rrl for example.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9
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