The Company remains on track to achieve its production guidance, with annual gold production of 75,000 and 85,000 ounces in 2013. The Company is revising its full year operating cash cost guidance to between $900 and $950 per ounce of gold sold.
Ian, "on track"....85,000 is not the same as 90,000 !
Is cash cost up because of lower grade or ?
For 2nd quarter they said:
The Company expects the changes to result in improved grade for the balance of the year, a further decrease in capital development spending and property, plant and equipment spending requirements while maintaining production guidance of 75,000 to 90,000 ounces at full year cash costs of between $800 and $900.