Not good..
From their older announcements they were expecting production costs to be $325-350 per oz.. this last quarter it has blown out to $703 per OZ (thats an extra $360 per oz).. in addition due to weather conditions the prodution for the quarter was 14,078 oz.. Even if they were sticking to their 85000 oz per year, they are still down 7000oz for the quarter, which is approx $7M AUD in revenue... that has to hurt..
news coming, page-3
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