RE:Results
Not sure that you mean, volumes aren't high and GDXJ is down, CXB equivalent. Results are within expectations. Calibre had the mill issue at the end of Q3. They haven't said how many Oz's were impacted, but a fair guess is about 10k. So the company incurred all the cost to mine, truck and mill those ounces in Q3 but didn't realize the revenue because they couldn't pour and sell it. Those ounces will be realized in Q4. If we assume 10k Ozs sold at $1650, that's $16.5 million into Q4. AISC for those ounces already paid for in Q3. Deduct corporate income taxes and royalties and that's probably $10-11 million, or $0.03 per share CAD profit shifted to Q4. Even with costs escalating the grades will improve dramatically over 2023, so the company will continue to be profitable unless gold crashes to $1100 an oz