The latest quarterly show that 68,041 ounces of gold were produced in first three quarters of this finacial year, and group guidance remains unchanged at 91,000 to 100,000 ounces at cash costs of $A815 to $A890. This implies production of between 22,959 and 31,959 ounces for the current quarter. This seems to suggest that Edna May production issues have been fully (or close to fully) resolved. I would like to see an operations update indicating that we are at full production. Cash costs need to be reduced. They are erratic at the moment.
An underground mineral resource update, and an underground mining study to demonstrate the company�s upside potential should be due soon too.
As for broker reports, refer to the company�s website: http://www.catalparesources.com.au/broker.asp
CAH Price at posting:
$1.38 Sentiment: Hold Disclosure: Held