Ann: Quarterly Activities Report, page-2

3 Points about the result

Point 1.  The ounces
Q2 production  6103 ounces -target 6 500  ounces  - 397 ounces
Q1 production   5735 ounces -target 6400  ounces - 665 ounces
The production figures are from page 164   (pdf 17/100) of HK Business
http://www.hkexnews.hk/app/sehk/2018/ ounces/a15436/EDM-20180523-19.PDF

The negative result for this year with ounces is  1062

Point 2. The company had luck with currencies
3 million was obtained  see Q2 result page 7
"Foreign exchange gains 3.1"
https://www.asx.com.au/asxpdf/20180726/pdf/43ws8ltdsnc4hw.pdf
There is this 3 million in cash and
5 million of the loan has been drawn down verifying the loan
facility situation discussed.
The foreign exchange gains and losses are typically balanced over the time.
There is still real risk of the liquidity
https://hotcopper.com.au/threads/loan-use-5-million-by-15-may-cash-crises-terms-of-the-loan.4250206/

Point 3. The cash cost  was 1066 USD/ ounce. This was better than during the previous
quartal but considering the price of gold at 1230 USD the margin is thin.