Q4 expectationsHi folks,
Pretty basic numbers here but thought I would share. Is it me or are the Q4 and YE production guidance number going to be insanely easy for KL to beat (which is great). I’m honestly thinking we could see close to 650K for FY, which would be 9 percent above the high end range of the guidance (595K). For the first three quarters, the company had production of 430K ounces. The YE guidance is 580-595K so Q4 would need to be 150-165K ounces to make this range. We already know Fosterville did 30K in October and they have publicly stated the expectation is 400,000 annually for 2018-2020 (33,333 ounces per month). With that in mind, I think it’s safe to estimate Fosterville doing 120K ounces in Q4. The annual guidance for the Canadian ops is 305K to 320K and they have already done 223K ounces through the first nine months. That leaves 82K to 97K for Q4. Add this to the 120K at Fosterville and you are looking at 202K to 217K for the quarter and 632K to 648K for the year! Pretty sweet. The profit potential is just breathtaking.