TSX:LSG.DB - Post by User
Post by
goldhappyon Aug 04, 2015 10:06am
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Post# 23986429
14% less gold due to sequence in mining
14% less gold due to sequence in miningI am not stressed about the Q2 gold production looking forward. The last half report clearly states a 14% reduction in gold due to sequence in mining. It was a planned event. The drastic drop in gold came near the end of the 2nd quarter. New planning is underway.
Revenue Change in Revenue § 14% reduction in ounces sold reflects impact of sequencing on grades (4.2 gpt in Q2/15 vs 5.4 gpt in Q2/14)
- 5% increase in C$ gold price partially offset volume impact (C$1,470/oz vs C$1,404/oz)