RE:RE:Profitability AISC for 4th quarter is expected lower as per Company, after they revised their production numbers and incorporated additional cost for Covid and mitigation works (fixing the problems additonal costs).
AISC for 3Q was 1315 usd or 1752 CAD for a production of 35'312 oz.
Operating profit was 31.6M CAD. Net Income 20.3M CAD
Forecasted ranges are :
production H2: 72K-77K oz
AISC H2 : 1175-1275 USD
Assuming worst forecasted numbers :
production 4Q = 72K - 3Q produciton = 36'688 oz
AISC 4Q : 1'237 USD (using 72K production and 1'275 USD for H2 AISC
POG 4Q : 1800 USD @ 1.30 = 2'340
We would have (let's say that oz sold = oz produced):
Revenue : 85.8M CAD
AISC : 59M CAD
Income : 26.8M CAD
Net Income after financing costs and income tax : 18-20M CAD ???
This is if POG stays in current range and VGCX achieves only the lower range of its forecast, The numbers get a lot better in case of better production/correlated lower AISC.
So 4th quarter release could bring the upside surprise we hope as market is now skeptical.