The FY24 drop referred to gold sales, not gold produced. With what they have stockpiled, and the expenses relating to them being incorporated into AISC already, there should be some very profitable ounces being sold.
Yes, with all the capex spend and the lower gold sales there will likely be significantly less cash flow for FY24. But, with +$350m in the bank, cash flow doesn't seem to be a problem for this company, does it?
Yes they will burn through 220k ounces, but they are spending millions trying to replace them. That is the only reason the cashflow is really affected. They are not going in to a fresh paddock and digging for gold.
While it wasn't good news yesterday, it does seem a little overdone.
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The FY24 drop referred to gold sales, not gold produced. With...
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