The average head grades are forecast to go up, and the plant throughput to increase significantly by Q4 (see chart 1).
Meanwhile the big improvers are oxidation and CIL recovery (see chart 2), and hence the overall recoveries.
The forecasts for Q2 were not met, so I would have expected PGI to explain why not in more detail so shareholders would have more confidence in their forecasts for Q3 and Q4.
If someone has queried PGI on this please post their response.
Being an eternal optimist I am expecting them to be right this time.
PGI Q3, Q4 forecasts
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