More than 15% free cash flow yield!Strong Q2 production, 81koz, H1 total 154 koz, thus Q2 production accelerated and the H1 production annualized leads to 308koz, i.e. more than the high end of their full year guidance of 257 to 299koz.
In Q1 their ASIC of USD 593 were a major positive surprise and although some of the factors contributing should be less positive in Q2 (i.e. very low power costs in Q1) they should finish the year at the low end of their full year guidance of USD 700 to 780, thus clearly one of the best juniors regarding costs.
Q1 free cash flow was USD 49m, and the higher costs in the remainder of the year should be compensated by higher gold prices, thus FCF of USS 200m should be feasible with current gold prices, i.e. free cash flow of USD 1.10 per share of CAD 1.50 per share. Thus free cash flow yield of more than 15% for a cash positive producer in an EU country!
It is really telling that on the day of the production update there is no single post.
Is there really no retail interest in this name?