RE:Wesdome Announces 2021 First Quarter Production of 22,564You are correct that the Q1 sales include 1793 ounces from the Bulk sample. But you should remember that those ounces were produced in Q4. Hence WDO had a inventory build in ounces in Q4. Since Bulk sample Q4 ounces were sold in Q1 and the total ounces sold in Q1 are less than what was produced in Q1, that would imply that invetory that existed at the end of Q4 remains and was actually increased by the end of Q1.
Production milling was up 6%, head grade down 9% (face/zone sequencing dependent), ounces produced down 10%, ounces sold down 15%, average price up 3%, revenue down 13%
hence inventory of ounces went up 107 ounces.
I don't think it is cossequential either way.
The story here is Kiena... when will they restart the mine in Quebec... production will double and mill utilization will be between 40%-60% until reserves are increased... which is happenning everyday through the drill bit.
Thats the real story... AISC of US$512