WAF 0.30% $1.67 west african resources limited

The interesting thing is the big increase in tonnage from the...

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  1. 4,313 Posts.
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    The interesting thing is the big increase in tonnage from the open pits. Total material moved has been pretty constant in the last three quarters and there hasn't been anything to indicate they were going to be increasing mining rates (if anything the opposite based on some previous comments made).

    Given there is a comment about M1 South Open pit being a major driver my feeling is that they have really hit the nice high grade ore zone there. So likely stripping really dropped away and more ore production.

    That could mean pretty flat costs, as you said. Another 9koz added to the stockpile probably means a deduction from the AISC for 'inventory movement' again

    I reckon costs could be US$680-700/oz AISC. That assumes that ounces sold is in line with produced. Potential to sell a bit more gold given there were 10koz on hand at end of June.
 
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