Pre-tax net profit was $91.2M, up from $10.9M the prior year. Revenue rose 37% to $193.1M. Costs were solid, dropping 20% to $80.9M. Interest expenses declined 36%. It sold 84,965 ounces up 16%. Guidance calls for 85,000 to 95,000 ouncesThe capital budget was increased. All-in cost guidance was very good at $800 to $1,000. The company also announced its first-ever dividend at $0.0125 per share (which we see as very positive). Results are solid. We think the outlook for gold remains good (new high today). The 'fear and panic' trade might fade a bit if capital markets settle down, but the underlying trends we think very much remain in place. It is simply a supply/demand scenario, and if rates do move lower this should be good for gold as well.
5i Research Answer: