Processing Grade DeclineLower ore grades in the carbon‑in‑leach circuit caused a drop in production despite limited higher‑grade contributions from underground development, pressuring mill output.
Tax‑related Profitability ImpactA significant income tax charge contributed to a reported net loss, highlighting vulnerability of reported earnings to tax and one‑off accounting impacts.
Water Supply ConstraintsWater constraints at the heap leach operation reduced throughput and directly limited gold recovery and production volumes.