RE:Roxgold Reports Solid 2019 First Quarter Production Results I disagree. They were expecting lower grades and lower production this quarter given the mine development plan. I’m not sure where the street was but RBC was expecting 32k oz of production in Q1 so this is a beat on that basis.
silentreader wrote: Ouch, not pretty.
Head grade 10 g/t vs 16.8 g/t in Q1 2018 while the recovery percentage is down from 99% to 98.3%, resulting in a significant reduction in ounces produced from 40 452 to 33 652 in Q1 2019, a whopping -16.8% drop !
So there does seem to be a high-grading problem at Roxgold. No wonder they weren't in a hurry to release the numbers and they keep pushing back their updated mineral resource estimate...
https://stockhouse.com/companies/bullboard?symbol=t.roxg&postid=29569196
https://www.roxgold.com/news/news/press-release-details/2019/Roxgold-Reports-Solid-2019-First-Quarter-Production-Results-and-Provides-Exploration-Update-at-Yaramoko/default.aspx
How much are Dorward and his team paid again for that kind of results ?