RE:Cash balance of $67,000,000A couple of minor temporary bumps, accompanied by some good news.
bump: "temporary restrictions on travel between Papua New Guinea and Australia ... includes the suspension of movement of resource sector’s expatriate fly-in fly-out workforce between Papua New Guinea and Australia for a two-week period."
"will result in a reduction in expatriate staffing levels over the short term, but this is not expected to significantly impact production "
"stoping operations have also been interrupted for a period of approximately two weeks as a result of an incident involving an underground loader, which prevented backfilling operations "
" backfilling operations will recommence shortly, this will result in production from four high grade stopes to be deferred from the current quarter to the second quarter, resulting in the plant treating a larger amount of lower grade stockpile material during the current quarter. It should be noted that this is not expected to impact on the guidance production for 2021.
good: "has taken the opportunity to repay the outstanding balance of US$5 million due on the Trafigura loan "
" no debt and an historically high cash balance of over US$67 million "