Cost IncreaseManagement increased AISC from $1,455-$1,550/oz to $1,970-$2,070/oz.
Guidance AdjustmentFollowing a slower-than-planned ramp-up at Greenstone to start 2025, management reset expectations last week, adjusting 2025 guidance (ex-CXB) from 635-750koz to 555-625koz and increasing AISC from $1,455-$1,550/oz to $1,970-$2,070/oz.
Production ChallengesProduction at Greenstone and Santa Luz was below expectations by 10% and 36%, respectively.