RE:Additional Report Notes One of the worst copper producers on the market today
JoeStockIQ wrote: Once again, as with 2021, Q1 is expected to be the least productive Q of the year due to transitioning down the Gibraltar Pit from lower to higher grades. Hence, the guidance of 115M instead of LOM 130M. 2023 and beyond are expected to return to 130M LOM. Being that Q1 will be the least productive Q, it's a fortunate circumstance of having unsold product from Q4, of which probably 5M will be added to Q1 production for ultimate Q1 sales. All engineering is now completed at Florence. As many expected, H2 price protection has been completed, 90% of all 2022 production will garner a minimum of $4 US per pound. Probably more wasted money but it's hard to get upset about such a strong guarantee when funds are needed most for Florence.