Q3 vs Q4All Joe said was that the guidance of 200 000 to 220 000 oz was weighted more toward Q4 than Q3 (starting at 3:55 min mark). This means they expect to produce more gold in Q4, but "weighted more toward" could be as little as a 10% discrepancy. At the lower end of guidance that could mean Q3 = 95000 and Q4=105000 oz. At upper limit of guidance it could even mean Q3 = 105 000 and Q4 = 115 000. Anyone who is readiing "weighted more toward" as something extremely negative is hopefully shorting this stock.
As previously stated by oilwatcher13, I agree they won't be spending the $25 million for upgrade in 2018. Luckily they don't need to since they can already run at 3800 t/d for intervals. Won't take long to build up those funds in Q1 2019 in order to pay for the upgrade.