RE:Production and Sales Results for the Third Quarter of 2021I feel kind of ambivalent about this report. On the one hand, good news:
- production is up overall year over year
- Costerfield is firing on all cylinders
- Bjorkdal is doing adequately and steadily
- they have some extra bonus production from Cerro Bayo
- the price of antimony is amazing
- the price of gold is high, and right at the point where MND makes a decent profit and the hedges don't cause too much pain (7 more quarters to go!).
But on the other hand, I feel occasional disquiet about:
- Bjorkdal is simply not producing at the levels expected
- it's not going to come close to making its lower guidance this year
- Bjorkdal's high-grade underground ore is not, apparently, working out
- I haven't heard a discussion of what's going wrong
- Cerro Bayo only has 6 more weeks in it for Mandalay
- it really sucks that Bjorkdal couldn't even hit lower guidance this year.