RE:Q2I was hoping for a postive surprise however they are as expected. Keep in mind we were warned in January that the second half of the year would be much stronger than the first half. The company is spending a conciderable amount on sustaining capital which will set them up going forward with higher grades and lower costs across the board.
los Filos a bit of an albatros at present will hopefully improve dramitically going forward. I am hoping they are erring on the safe side by downgrading Los Filos 2021 production guidance by 50K ozs.
Costs per oz did drop almost 100/oz as compared with Q1, The second half I suspect will be a much bigger drop in costs.
The sector as a whole needs a a more positive sentiment. Lets hope it starts later this month as late August and Sept are seasonally strong for gold and gold equities.