KNT Denver Gold Forum Sept 16, 2024First, you can watch via YouTube or go thru X for the transcript that I read.
Not much new here except sept 16 comments are nearly thru the 3rd q.
Here are some bullet points:
1.) Operations in 2024 remain 120-140k AU eq oz but Lewins reiterated a
much better 2nd half as "well on track to meet guidance". Since they need
70k eq oz to meet the lower end of guidance, I assume they will meet 35k
in both 3rd and 4th quarter.---> also at August earnings verbiage, he did
state "70k plus" for 2nd half.
2.) Restated that in 9 months stage 3 commisioning would start with ramp
up and complete in one year (ie Sep 2025). Stage 4 commissioning in
2026-2027 which I read as early 2027.
3.) AISC remains in $1410-1540 range for2024... a little disappointing since the
AISC $1510 in 2nd q was the highest level since I started tracking knt data in 2020.
4.) When stage 3 reaches ramp up level, the AISC cost will drop below $600.
When stage 4 in place, AISC will drop below $500.
5.) Revised 2024 exploration from $15-20M to over $20M. Will focus on
Aracoma where 1 rig in January increased to 4 rigs now. In 2025, exploration may
increase to $40-50M.