Both very good.
TGZ here and the story is simple. 1) Better than expected earnings, mainly due to more gold sold than produced, plus $1217/oz avg received price for gold which was better than the industry average for the quarter and helped. Then 2) , a very good costs number. North of $50m COGS wouldn’t have surprised at all, in the end it came in at just over $48m.
LSG here and this one was flagged up by the strong production numbers already known, but it’s never a given to get a good top line to a good bottom line. LSG did that, the guidance for the rest of the year is solid and conservative, plus the optimism from the company about 144 is palpable.
If the gold price behaves today both these deserve to rally. However, recall that both USA GDP Q1 and then Ms. Yellen and her happy bunch of helpers are on deck today.