I am well aware of that, I have already posted that they sold 6,000 oz more than their production over FY14.
If you look back to 3Q2010 you will see that they produced 25,505oz, but sold no gold that quarter.
Ever since then, they have held a balance of gold on their books, either as Gold Awaiting Settlement (GaW) or as Gold in Inventory. So this is a long standing situation. At one point (3Q2012) their total gold balance reached 40,508 oz according to my running calculation. Since then they have progressively sold it down to the current level.
CPDLC
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