Although still good production figures are estimated for 2019, they are nevertheless down from this year's excellent results. At the same time there is weakness in the gold price. SBM has been priced on the basis of increasing production and so today's fallback in SP should not come as a big surprise, even though it has been sudden. Perhaps the PNG Government threats are also impacting. These are my thoughts anyway.
Ann: Production Update Q4 June 2018, page-12
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