Downgrade for FY24 is a non-event. It reflects Sugar Zone's loss of production for FY24.
AISC will actually drop YoY with production remaining almost identical to FY23's output.
This is an excellent decision by SLR management as the Canadian operation is not FCF generative as it stands. Shut down ops, drill out ore body, move camp closer to plant and away she goes.
Brilliant quarter, well done to the SLR team!
Ann: Quarterly Activities Report, page-4
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