There are two relevant pieces of information in the above presentation ;
(a) That resumption of full production will be well into 2017
(b) that the July production was 3828 ozs/au, down from 4591 for the previous qtr.
While this presentation gives some info not previously available, the full June quarterlies
(operational & financial) should be released before the closing day for the rights issue (02 Aug)
The bottom line is that the company is burning cash and from the presentation above, it will likely continue to do so for a year.
All IMO, of course.
MM
From presentation above:
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 UNITS SEPTEMBER 2015 QUARTER DECEMBER 2015 QUARTER MARCH 2016 QUARTER JUNE 2016 QUARTER FY 2016 1 MINE PRODUCTION 2 ORE MINED t 13,162 21,341 17,571 13,807 65,882 3 MINED GRADE (GOLD) g/t 10.2 9.4 8.5 8.8 9.2 4 MINED GRADE (SILVER) g/t 26 24 17 18 21 5 ORE PROCESSED 6 TONNES MILLED t 13,250 21,612 17,400 15,125 67,387 7 HEAD GRADE (GOLD) g/t 9.8 9.3 8.6 8.3 9.0 8 HEAD GRADE (SILVER) g/t 25 24 18 17 21 9 RECOVERY (GOLD) % 95.6 95.8 95.2 94.9 95.4 10 RECOVERY (SILVER) % 91.6 86.0 89.0 86.5 88.0 11 GOLD PRODUCED oz 4,010 6,212 4,591 3,828 18,642 12 SILVER PRODUCED oz 9,901 14,188 8,730 6,994 39,812
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