idle and fond bondage

Four charts on the Fiore Gold (F.v) production numbers

Small gold producer Fiore Gold (F.v) gave us its Q4 production numbers this morning (its financial year ends Sep 30th) and here’s the need-to-know:
First gold production was lower than expected:

That’s mostly due to this, average grade was down. Strip rate went up, too.
So by making a reasonable guesstimate on F.v’s average received price for gold during the period (U$1,490/oz) and then assuming sales exactly match production…
…it’s going to be a lacklustre financial performance this quarter.
So now you know.

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