FY22 production guidance lowered from 650K to 640K
AISC guidance increased from 1,190/oz to 1,250
Reasons include higher number of people sick from Covid after WA border reopenings and Cowal being impacted by wet weather.
Down 20%+
The negative report also impacted other gold miners including NST (down 12% which is a big smackdown on my real life holding!!!)
Not a good period to invest in gold miners.