quarterly report, page-11

Read more deeply into it bubsmark, the reasons are given, when the higher grade or is put through the concentrator the results will improve. Every mining company finds and processes lower grades but keeps going to keep machinery going and workers in jobs, what about those who lost their jobs you ask? It's one of those things in business that happen, unfortunate, yes but the same thing happens here because in some cases a mine shuts down or a factory would become unprofitable if the same workforce is employed.
I'm happy with the report apart from the debt aspect, who buys their homes or cars for cash? Debt is one of things that we have to accept and live with.