Cost ManagementAISC of ~$1,500/oz for Q2 is materially higher than the $960/oz in Q1 due to concentrated equipment deliveries and tailings construction.
Production ChallengesQ1 production represented 19% of the midpoint of guidance, slightly below the planned 22%, primarily due to reduced throughput from unplanned maintenance in the processing plant.
Q1 Earnings PerformanceShares could face near-term pressure following a Q1 miss relative to estimates and consensus, driven primarily by unplanned mill liner maintenance.