Content analysis
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Legalese | ||
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8th grade Avg
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New words:
alteration, Anomaly, await, Cat, Civit, deeper, deposit, diversification, elemental, expired, extension, Florescence, modified, placement, portable, rock, round, significantly, sonic, spending, staffing, terminated, thousand, White, WRS
Removed:
administration, Biden, borrowing, collateral, depreciable, determinable, discount, dividend, drill, free, FRTT, geotechnical, hole, identifying, implicit, imposed, incremental, interpretation, largely, life, model, option, residual, resource, stance, stockpile, ticker, tonne, transfer, vest, volatility, waste
Financial report summary
?Management Discussion
- During the three months ended March 31, 2024 and 2023, we produced 3,983 and 11,487 ounces of gold, respectively. The decreased production in 2024 is primarily due to lower leach pad recoveries due to overall lower-grade ore mined. Mining and placement of ore on the heap leach pad continues to be limited to lower grade ore being mined from the Civit Cat area of the Isabella Pearl deposit as we continue to await permit approval to mine deeper in the Pearl pit.
- Cash cost after by-product credit increased due mainly to lower sales volumes.