Having read through the recent announcements and back calculating against guidance and recent updates my expectations/hopes are:
Gold production of 120koz at AISC of US999/oz. Syama sulphide 60koz, Syama oxide 20koz, Mako 40koz (as per my calcs on other thread) New Mineral Resource for Tabakoroni to Porphyry splay pit increasing ounces by +30% (mentioned in Q1 report under exploration) Exploration results excitement (Q1 report mentions $4 spend in Q1 and talks it up and we have not seen any results so they must be pending??) Syama Power Plant fully commissioned and cost savings generated (at last!) Most importantly: Net debt down and $XXX CASH generated. ("main focus for 2021 is operational consistency and cash generation") Tax assessment dispute resolved with Mali govt with royalty payments to recommence and no further payment from Resolute (surely they have to sort this out soon?) Syama Sulphide record quarter (has to be due to roaster shutdown later in year) Syama oxide grades up and throughput up and now expected to maintain at 20koz in Q3 and Q4 (mentioned in Q1 report) Mako plant capacity review completed and higher throughput achieved and now expected to maintain at 40koz in Q3 and Q4 (mentioned in Q1 report) Bibiani still FOR SALE and progressing ! ("all options considered for development or sale")
What are your hopes or expectations?
RSG Price at posting:
59.0¢ Sentiment: Buy Disclosure: Not Held
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