"Those two are just panicing. 5 years of effor to destroy Vango,...

"Those two are just panicing. 5 years of effor to destroy Vango, what a waste of time. Should go back to management and change strategy Billabong. Clock is ticking."

Wow.

Reality:

Fourth Quarter Highlights

• Production of 20,983 ounces, a 32% increase over the comparative quarter of 2020
• Reduced all-in sustaining costs¹("AISC") by$269per ounce or 16% to$1,416per ounce, reduced total cash costs¹by$276per ounce or 18% to$1,290per ounce, in comparison to the fourth quarter of 2020, despite a significant increase of$22/oz in sustaining exploration and capital¹
• Cash flow from operations, after working capital changes, of$8.5 million, an increase of$15.2 millionfrom the fourth quarter of 2020, exiting the quarter with a strong financial position of$23.8 millionin cash and cash equivalents and a working capital¹position of$10.4 million
• The Company is now an unhedged producer following the delivery of the remaining ounces under call options related to the repaid Auramet gold loan
  

Full-Year Highlights

• Exceeded top end of 2021 production guidance with 77,321 ounces produced, a 23% increase over the prior year, and came in below the bottom end of 2021 AISC¹guidance
• Sold 77,061 ounces of gold at a realized gold price¹of$1,784per ounce, generating revenue of$137.7 million
• Reduced AISC¹by$92per ounce or 6% to$1,472per ounce, reduced total cash costs¹by$81per ounce or 6% to$1,355per ounce over the same period in 2020, despite the strengthening of the Australian dollar in the first half of 2021
• Cash flow from operations, after working capital changes, excluding the gold loan repayment of$4.4 millionto Auramet was$26.0 million, which is a record for the Company
• Net income for the year of$0.08per share and Adjusted net income¹of$0.07per share vs. net loss for the year of($0.05)per share and Adjusted net income¹of($0.04)per share in 2020
• Gold recovery rates increased to 87% in 2021 from 83% in 2020
• Fully repaid the gold loan with Auramet and settled all remaining gold call options to end the year as an unhedged gold producer
• Began mining of the Plutonic East and Perch open pits and announced an early entry into the main pit deeps in 2022
• Continued exploration success along the Western Mining Front and the Indian Access Mining Front