Yes RD very disappointing qtr and all about the plant recovery rate.
65 per cent gold recovery is woeful.
If the company had of recovered gold at the same rate (82%) as the two previous qtrs it would have produced over 20.5k ozs - with AISC much lower - I estimate sub $1500.
Back in 2018 Moy’s % recovery rates were in the mid to high 80s.
Moy has started that recovery rates this qtr will significantly improve.
MOY Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held