Gold Recovery Significantly affects Cash FlowsIn Q1, Mmy mined 10,500 ounces but because recovery was just above 76%, only 8059 ounces were recovered to be sold.
However, our mining costs are based on ounces mined, not ounces produced.
Q2 recovery looks to be in the 87% range.
Had that been the case in Q1, 9200 ounces would have been recovered for sale and our cash costs significantly lower.
In summary, the financial metrics for Q2 will be a substantive gain relative to Q1 in addition to gold sales..