GREY:VITFF - Post by User
Comment by
MVargason Mar 16, 2023 9:52pm
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Post# 35344089
RE:RE:One year ago
RE:RE:One year agoSame production as Q1 2022 just won't cut it. They need to produce a minimum of 30k ounces in Q1 to put them ontrack to meet the mid-point of guidance, but for the year they really need to produce the upper end of guidance which corresponds to the newly updated mine plan, or 180,000 oz. Really 30k ounces this quarter is not a very high bar to meet, especially with the promised increase in production from year-round stacking.
Minimum production by quarter:
Q1- 30,000
Q2 - 40,000
Q3 - 50,000
Q4 - 50,000
Total of 170,000 oz. Anything less will be another disappointment. But if they can produce 180k at an AISC of $1350, then at today's gold price, that would result in earnings of C$ 140 million, or more than $2/share.