gold still above au$2600that is very profitable for sgi. anything above au$2500 should still be good profit.
a lot of panic in the markets today.
if sgi had positive earnings in a drastically lower production q1, it only stands to reason that sgi would have higher earnings in the upcoming quarters when production, grade, and throughput are all higher.
hopefully panic ends soon and we return to normal.
q2 production and cash numbers come out as soon as next month. considering that sgi increased inventory a lot in q1 which will be processed in q2, the odds are q2 should be good.