Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
|---|
| We've been gaining momentum |
| With respect to the quarter, we delivered a strong Q3, good financial results, which were underpinned by revenue of $58.5 million, in line with the prior year quarter |
| That'd be a positive surprise |
| And with a positive response in our share price, like, we're experiencing today certainly changed the dynamic |
| It also reflected increased gold ore mining and milling at Ying during the quarter, which contributed to a 22% increase in gold production, compared to the prior year quarter |
| Congratulations on a good quarter |
| This is up from 54% in Q3 of fiscal 2023 and almost hit our record in recent years of 60% of revenue |
| The main contributors to the slight decrease were the aforementioned factors impacting revenue, an increase of $5 million in the share of loss in associates, an improvement of $4.4 million in mark-to-market – on investments that we hold and a 4% improvement in unit production costs |
| Those numbers are up 17% and 3%, respectively, compared to the same quarter last year |
| Good to have you |
| We like the fact that we've got the only open and actionable offer on the table and it's got full board support from OreCorp |
| And also the number in last year's quarter also reflected a positive adjustment of $1.7 million from noncash working capital that did not apply this year |
| To enhance operational efficiencies at Ying, we have previously disclosed our plan to transition certain mining areas from cut-and-fill resuing to shrinkage stoping, which will allow for increased mechanization |
| Those would be increases of up to 17%, 30%, 20% and 40% for silver, gold, lead and zinc, respectively compared to the Q4 period of last year |
| Well – Thank you, Lon, Thanks again and congrats on a good quarter again |
| Our current plan is to add a new 1,500 tonne per day production line at the number two mill to increase the production capacity at Ying to 4,000 tonnes per day |
| But the tradeoff is that from a labor intensity standpoint and productivity, there are gains to be made on the cost side in terms of unit costs for delivering that |
| And just a reminder, this adjusted earnings figure is a supplemental non-GAAP measure to provide investors with another metric to better measure the performance of the underlying business, it's continuing profitability and growth potential |
| Have a great day |
| The increase in mine tonnage reflects the stockpiling of just over 60,000 tonnes of ore at Ying, which will be processed in the current quarter during the Chinese New Year holiday, which is on right now |
| That's up 5% compared to the $189 million that we reported as of September 30 |
| Good afternoon |
| So it is an uptick |
| Thank you |
| Thank you |
| Thank you |
| That was up 26% from $15.6 million in the prior year period due to increased tunnel and ramp development and exploration activities at both operations as well as modestly higher investments in equipment and facilities at Ying |
| Statement |
|---|
| These figures, as mentioned, represented decreases of 9% and 16%, respectively, in silver and lead production compared to last year's Q3 |
| Our cash flow from operating activities in the quarter was $23.6 million, down very slightly from $25.7 million in the prior year quarter due to the factors mentioned just before, affecting revenue net income, but also $3.2 million increase in cash taxes paid |
| I must have misunderstood |
| The cash costs corporately per ounce of silver, net of byproduct credits was negative $0.96 in the third quarter, compared to a negative $1.15 in the prior year quarter with this increase mainly due to less silver sold, resulting in higher unit production costs before byproduct credits and a decrease of $2.5 million in byproduct credits |
| It's a little premature, but some of the early indications are that we will come in – I don't want to get hung out here, but I would say meaningfully below that $38 million number |
| With respect to pricing, we had increases of 11%, 17% and 2% in gold, silver and lead respectively and a decrease of 15% in the realized zinc price |
| The decrease mainly reflects lower head grades at Ying and GC due to mining sequencing |
| Felix Shafigullin So one thing that really jumped out on me in yesterday's release is how much mining and milling costs dropped to GC sort of quarter-over-quarter? Could you just provide a comment on that like how does that drop in just one quarter achieved? Lon Shaver Well, if you're referring back to Q2, I mean, obviously, GC has had some hiccups this year and hasn't been running either at full capacity or optimally |
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