The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Craig Hutchison - TD Securities, Inc. - Analyst
: Good morning, guys. Thanks for taking my questions. And just a question on the TC/RC is obviously very positive to see you guys are going to
recognize negative TCRCs, but can you give us a sense in terms of what percent of your concentrate you expect to produce? So this year next year
in 2086 is actually under contract?
Question: Craig Hutchison - TD Securities, Inc. - Analyst
: Great. And just a question on transportation costs. Just kind of looking year-over-year, they're up 100%. I know some of that is just you recognizing
it owning a larger interest in Gibraltar, but can you give us a sense and why they're up so much? And is that something we should be modelling
going forward?
Question: Craig Hutchison - TD Securities, Inc. - Analyst
: Okay. What's the sort of limitation on the rail side of things? As I see more cars there? Is there a sense of what that issue is?
Question: Craig Hutchison - TD Securities, Inc. - Analyst
: Okay. And just another question for Gibraltar. The decision or the acceleration to restart the oxide SX-EW plant, what some of the factors that you're
thinking about there, just sulfuric acid prices and can you give us some kind of sense in terms of what the production would look like if it was to
restart?
Question: Craig Hutchison - TD Securities, Inc. - Analyst
: Great. Maybe one last question for me just on Florence is spending. Can you maybe talk to the cadence of the spending here throughout the year?
Should we expect a significant uplift in Q2? Or is it more starting big spend starting Q3, Q4? Thanks.
Question: Craig Hutchison - TD Securities, Inc. - Analyst
: Great. Thanks, guys.
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