Quite a sizeable quarterly production miss (160K oz actual, vs 191K oz expected).
Group full year production guidance has been maintained, but obviously gets harder to hit/meet, and market repricing the stock today as a result (down ~15% at time of typing).
COO moving on, adding to market concerns over management stability.
For us, the issue is the gearing. It’s not low, and other gold miners have better balance sheets.
No major takeaway here; will be interesting to see the rest of sector quarterlies.
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