RE:Terrible earnings, Meadowbank production fell 58%You sound like you are short this stock.
I see that you are no longer spouting off about the water issues at the Meliadine mine as management have addressed the issue.
The Meadowbank gold is still there, the decline in production is not permanent.
The increase in liabilities is temporary as 7 mines were temporarily shut down before Quebec and Mexico designated mining as an essential service. April 7th, the company repaid $360 million of 6.67% notes while also issuing $100 million at 2.78% and another $100 million at 2.88%. Interest costs should actually be going down very soon. Free cash flow in Q3 & Q4 will be significant.
AISC goes up as production falls, simple math. As production increases in Q3 & Q4, AISC will of course decrease.
Haha... $1,500 gold is not happening any time soon!