RE:RE:Good newsThat is a good question GreenAsDay! Im basing it on the lead in to the Q3 NR which was 1/2 way through Q4! THis is what they said:
"A
s a result of increased throughput and higher grades, Orovalle is on track to meet fiscal 2022 production guidance. .....,and we are confident of meeting our cost guidance,"
I assume it is a combination of higher throughput and grades as well as a drop in CAPEX. CAPEX added about $600/oz aisc in q3. probably down to 200 or less for Q4. add in higher grades and throughput, and you could get to 1450. greendayyyy wrote: Here are the numbers for the third quarter all-in costs (by-product) $2,282. Tell me how they can go from 2,282 to 1,450 in one quarter. This company has always had excuses every quarter for the past several years so rest assured they will never reach this number. As I mentioned earlier, this company will definitely lose money for the next 7 or 8 quarters unless gold is above $2,300 an ounce.