It is not a hopeless report, and its up to the gold price to get this thing moving upwards.
The reduction in the cash balance is the tell - down $3.5m, despite $1.5m in asset sales revenue.
Cash AISC costs were high at $1463 - but this got adjusted down by $119 for inventory movements to arrive at a lower headline AISC (although still high).
loki
Ann: Quarterly Activities Report, page-7
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