RE:Revised 2021 production and sales guidancekha341 wrote: "Production guidance lowered to 11,400 to 11,800 tonnes of V2O5 equivalent from 12,000 to 12,500 tonnes..."
Total 9-mth Production Volume = 8,316T (Q1 1,986T + Q2 3,070 + Q3 3,260)
Revised 2021 Production Guidance = 11,400T to 11,800T (= ~5% lower than the original guidance)
Expected Q4-21 Sales Volume = 3,084T to 3,484T
Paulo Misk: “The strong production performance during the quarter was largely driven by increased throughput and improved recoveries following the completion of the Company’s expansion project in Q2 2021. Despite improved production results and steady vanadium demand in all regions, the Company experienced logistical challenges which resulted in lower sales for the quarter.”
Note: No explanation was given as to why they had to lower the Production Guidance by ~5%. Was it due to the low Q1 Production Volume? (“Lower production in Q1 2021 was largely due to the planned shutdown related to the Company’s nameplate capacity increase”).