RE:Comparing Q2 with Q1 Disappointing results.
But let's look at some comments and see if can figure out something:
1) "Q2 was another good quarter" : not robuts, or excelent.. just good.
2) they compare the numbers to 2020.. Truly not interesting.... Would prefer they compare they to guidance ! but then let's compare with 2020 here below....
3) "plant modifications....starting to pay off... Let's see:
last year, they issued an update with June 2020 production at 13'828 oz...One year later... where are we !!! 32'140 for three months... just 6000 higher than Q1.
Diffucult to understand if this is in line with their internal forecast.. Instead of pumping the numbers, comparing to last year they should just mention "below, in line, higher" than forecasted, or "in line with guidance"...
Because they need now to produce 121K in H2 to meet the lowest end of their guidance..
And this low production means that Q2/H1 AISC is going to be higher than expected imo (especially with the extra costs fi all booked in H1). Q2 results are going to be disappointing as well.