7 days to Q3 financialsThe gold ounce cash costs will be favourably impacted by all of the following:-
- The highest quarterly volume of ounces produced.
- The introduction of a gravity circuit at Fosterville.
- The high grade contribution from the Swan Zone.
The cost reduction in Q3 should be an indication that this could accelerate in Q4.
Since these banefits are long term profit drivers, then the lower POG in Q3 may be regarded as history by major institutional investors, seeking earnings groeth.