Seems like many here don't understand how to read a report and think GXY has been operating at a loss due to the lower cash balance. Obviously mining production is still operating at a profit, operating costs are already substracted for the margin per dmt. Cash has fallen due to capex, and with the US $272M incoming this is not at all worrisome. Did people really think developing Sal de Vida, James Bay and the yield optimisation programme would be free?
GXY Price at posting:
$2.15 Sentiment: Buy Disclosure: Held