Amplio un poco sobre Mandalay,Second Quarter 2021 Highlights:• Quarterly revenue of $51.4 million – second highest since Q2 2016;• Adjusted EBITDA of $23.1 million;• $12.7 million free cash flow and $26.6 million in net cash flow from operating activities; • Adjusted net income of $11.5 million ($0.13 or C$0.15 per share);• Consolidated net income of $4.8 million ($0.05 or C$0.06 per share); and• Quarter ending cash balance of $39.1 million.Mr. Duffy concluded, “For the rest of 2021, we expect to improve on this level of operational and financial performance, while building on our successful exploration campaigns. At Costerfield, the program will continue with infill drilling at Shepherd and progressing with deeper drilling at Cuffley, Augusta and Shepherd. At Björkdal, we will be focused on the Main, Central and Lake zones to the north east at depth and extensions of the Aurora zone. At current metal prices and exchange rates the Company is on schedule to be net debt free by year end 2021.”Negativo:Mr. Duffy continued, “Björkdal generated stable production and sales resulting in $22.5 million and $6.5 million of revenue and adjusted EBITDA, respectively, during the second quarter of 2021. The underground mined tonnage ramp up continued as we mined approximately 540,000 tonnes during the first half of 2021, an approximate 11% increase as compared to the same period last year. We are on track to achieve our goal of 1.1 million tonnes production from the underground.Grade performance during this quarter was lower than previous quarters mainly due to the amount of stope production performed in lower grade areas of the mine. This, along with negative exchange rate impacts, resulted in higher cash and all-in sustaining costs of $1,338 and $1,766, respectively, for the quarter. We expect to see a decrease to these higher unit costs in the coming quarters as we ramp up production in the lower, higher grade levels of Aurora.”Les ha salvado el culo bien el precio del oro porque se les disparó el coste a 1766$ en una de las principales minas donde sacan profit. Esperan arreglarlo, pero es lo más negativo ahora mismo de la empresa que veo. Si se mantiene el precio del oro, está regalada y libre de deuda en breve. Veremos como evolucionan los costes en el Q3. En este Q, 1342$ All in sustaining cost per oz, más de 100$ que en el mismo Q 2020, y más de 60 que en el anterior . Aquí veo el mayor riesgo, por eso aún no he doblado la posición.
