New prediction .05 to .10 range will come eventuallyAs long as gold remains below $1250 operating losses will continue. No new mine plan will fix this. I have to admit the write down was greater than expected which tell you also that virtually every ounce is not economically viable. Also the all in sustaining costs remained high at $1105, which WON’T include al the other costs they are trying to reduce.
The reduction in work force is a powerful sign to note. They already stated mine closure to come if gold remains down here. I still don’t see much change in 2015 into 2016 for gold except for the odd blip. Q4 will be another operating loss.