RE:Q4 - AISC should decline, improving profitabilityKiln wrote: In Q3 Orvana produced 10,832 ounces of gold and sold 9,634. Based on 9,634 ounces sold the AISCs were $1,625 per ounce. If they had sold what they produced the AISC would have been $1,400. The mid point of guidance suggest they will produce 11,400 ounces of gold in Q4. With higher production and the gold inventory carried over from Q3, sales in Q4 should be around 12,000 ounces, driving AISC down to around $1,200 an ounce. With gold at $2,500 an ounce EBIDA should be around $15 million in Q4.
We may have turned the corner.
Turned the corner is written with such big letters that you can only see it from the moon. And Fab doesn't care since they have their decade plan to not exit before someone puts up 1BUSD +.