As usual your have likely perceived the real reason why they have not rushed into development (not implying they did not want to bring it online earlier), because... it suits the mine plan (M5 open pit plan). I am really hopeful that capital is not an issue (or reason), as really, the USD POG has held up well and WAF is continuing to build cash (relatively speaking with $40m+ per quarter being spent on Kiaka now) and I struggle to see any reason for the debt facility to be fully drawn (though it will be because, it would have been agreed to etc), or.. another way of putting it, is their net debt position in future years will be less than what had likely budgeted for.
Always nice when a producer can basically add 1 years worth of production (approx 190k in reserves will be booked over time). Though... the current POG moves are... less desirable.
I cannot help having a smile when I look this again... Sanbrado is going to in production for not just a decade, but.. decades. Such a good outcome for the locals.
Bloody M5 open pit... in the way of potentially many more U/G operations!
@Joelstar - weirdly, does this graphic remind you of another stock we both own... (different continents, but still).
(20min delay)