Q3 2024 resultsResults look good.
134,900 oz produced, 33% higher than the average of the previous 2 quarters. They are projecting 142,000 to 160,000 for the next quarter. Even if they meet the higher limit, they will still be a little below their full-year guidance of 510,000 – 570,000 oz.
Revenue ($345 million) up 32% higher than the average of previous 2 quarters when the average gold price was 12% higher. Thus, revenue improvements were not merely attributable to the increase in the price of gold.
One good sign is that Wahi joined the other mines in achieving a positive AISC margin. Moreover, all mines had a lower AISC.
Should get a positive bounce in the stock price tomorrow.