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.