RE:Q3 CLOSE BUT STILL A MISThe Quarter wasn't bad when u factor in the fact silver was trading around $15. At this range there is little room for error on the mining side. Any breakdown of equipment can tip the scale from having $14 to $16 AISC.
The non cash write-down is most likely due to resources which are not economical.
Keys points are production is good, costs are still decent even with the small bump up and ore grades are inline.
Bottom line is to make money in this business you need the price of the product to be over the price to pull it out of the ground. Gold price has some buffer room which is driving revenue but you simply can't make money at current silver prices..period.