RE:Most important issue with revenue and earningsYes, I was the one who brought this point up.
On this board, people talk of operational improvements only.
To improve bottom line, both revenues and costs have to be attacked ie revenues have to be increased by increasing price realized/lb of zinc produced & by increasing production. However, for a given production, the only way to increase revenues is by realizing a better price.
Zn averaged $1.3136/lb in 2017. It averaged $1.3254/lb in 2018. Logically, there should have been a minor positive provisional price adjustment. Instead, we had a very substantial negative provisional price adjustment ($58.65 million for zn + $3.11 million for pb-ag). Also, in previous years (2016 & 2017), I have not come across any significant provisional price adjustment, negative or positive, in the financial statements.
Company auditors and industry analysts need to thoroughly scrutinize the 2018 financials once again wrt provisional price adjustments