I think absolutely there is a case to answer.
I have started to put a table together, I need to add some details from the CR in January, but it looks extremely dodgy.
I was waiting for an ASX please explain how you justified the quarterly numbers put out in January, but looks like we'll be waiting....The spin, shock and volume of issues raised in the announcements have distracted the market, regulater and all.
Q1 production was 36koz, seemingly justifying the January CR figures, but was followed by a fall of 30% to 26koz in Q2 and yet the ann of 28 Jan still promised 90koz in H2. So Q4 guidance was over double Q2 production.
and, even with the reduction in Q3 numbers, which were lower than Q2, the Q4 guidance of this week is a minimum of 42koz a growth of 60% over Q3.
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| Q1 | Q2 | Q3 | Q4 | Change |
|---|
| 1 | Production Forecast Qty 28 Jan |
|
| 36,000 | 54,000 | 50% |
|---|
| 2 | Actual | 35,993 | 26,059 | 25,146 | 42,000-47,000 Fct |
|
|---|
| 3 |
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They put this out in the Quarterly dated 28 January.
Key Points
• December 2024 quarter gold production totalled 26,059oz and gold sold totalled 26,230oz at an
average realised price of A$3,339/oz and a project all-in sustaining cost (AISC) of A$2,765/oz
•
H2 FY25 production guidance is ~90,000oz1 at a project AISC of A$1,750-1,950/oz
•
Revised FY25 guidance of 150,000 – 165,000 ounces1 at a project AISC of A$1,900-2,100/oz• FY25 growth capital/exploration guidance of ~$155M (reduced from $175M)
• With the planned progressive ramp up, H2 FY25 production is expected to be weighted
approximately 40%/60% across Q3/Q4
• Increased access to high-grade mining areas f
orecast to deliver a >200,000oz2 pa run rate from
Q4 FY25• With underground run rate now exceeding 1Mtpa, all mill feed now sourced from underground
and no requirement for low-grade open pit feed in H2 FY25 (comprised 17% of the mill feed
during the December 2024 quarter)
More to follow....
Wazz
(20min delay)