You can deduct the commissioning date from the forecast 2025 gold production plus or minus management typical guidance, predictability and track record. 2025 guidance is 158kz and 2026 is 278koz. Obviously there are issues of ramp, average grade etc but 158 is comfortably larger than 50% of 278 hence commissioning if likely forecast in the first half. To put it another way it would be very difficult to meet the 158Koz target for 2025 if production commences in SQ2025. Given that some form of ramp would be factored in I come up with May as the start of commissioning, assuming a normal wet season.
You can deduct the commissioning date from the forecast 2025...
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