RE: Broker Upgrades14 Oct 2019 13:59
I must be missing something. Why is everybody expecting c130koz production and c$170m revenue for Q3. From what I have read on the recent presentations the c130koz production excludes third party concentrate bought in of which they have c60kt at 2oz gold per tonne. They have been processing this concentrate since July so I would expect at least 40k oz and increase of $60m revenue as hedging should have run out. As usual with POG I am confused