What is important is how much gold has been produced from the African mines. They should have had 105k ounces (plus the 10k ounces from Ravenswood) in the March quarter to be on track. 105*3=315k more to be produced giving a total of 430k ounces.
AISC includes corporate overhead costs. As such, if you close one mine the ASIC of other mines go up. Ravenswood is gone so it is not relevant for the next quarter.
If the ounces produced from the African mines is significantly less than 105k ounces, the ASIC would also be higher than expected. The sad thing is that the company can come with a bad number and still say they are on track and promise producing more in the next three quarters. Hopefully, that doesn't happen.
Ann: Sale of Ravenswood Gold Mine Completed, page-55
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| Open | High | Low | Value | Volume |
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