The short answer is yes, we started noticing this back in December when it appeared that there was always a fall in production quantity after the last month of each quarter, you can look at the charts in each case the last month of the quarter is the best and then there is an immediate drop in production in the following month. Our conclusion was much the same as yours, at the end of the quarter they are using more high grade from the ROM to improve the qty produced (this also improves recoveries), in the subsequent months they needed to replenish the high grade and used less, it looks this way for sure, but no way to prove for certain that is what is going on.
Here is the chart with the last month of each quarter circled, you can see a drop right after.
SYA Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
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