RE:RE:-25% in prod...Black on white in the pr:
The main line : GEO produced
Q422 17 360
Q123 13 951
Q223 12 453
Q323 9 544
He tell us Q3 low because of the weather ( cold and rainy ) . Right or wrong i don't care .
Mdn is in south patagonia . One of the hardest climates on the planete . No habitants there.
A climatic setback is inevitable there . As a potentiel earthquake , a revolution , a long strike , a covid period( lol) etc.....
A miner is always hit by something hard one day or another . That's why this investment is so risky , and ovoided by the common people.
A ceo responsable KNOWS it . That's why promising guidance unsustainable is a fault . It has nothing to do with the mine itself . This is just a matter of good communication , and then to create good or bad surprises .
JAN 18 PR : The guidance for the y was : 60 to 70koz geo @1100 aisc.
We are at 35 with 3 months to add. No comment.
Generally speaking i learnt MB is overpromissing . We are almost one y behind the curb in delays , and we will see soon in term of money .
That said he keeps strong points : no shares issuance , good projects and the stock stays very cheap.
I hold my investment, but i will take his words even more carefully . Glty