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: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: So I see that year-to-date, H1, you've got 42% of the production guidance at midpoint delivered, and you reiterated guidance, which is great. Yet,
the guidance range is somewhat wide. It's 115,000 to 140,000 ounces gold equivalent. Can you give us an indication about where you might expect
to fall within that broad range?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. Well, that's good. I mean, it sounds like directionally it's going to be higher than what you delivered in H1. In Q2, we saw grades just over 7
grams per tonne. You hit a lower grade sequence at the end of the year. Encouraging to see you've got higher grade stopes in the back half. What
does this mean? I mean, does it mean going back to 9 or 10 grams per tonne? We've seen that before in previous quarters.
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. Okay. We can leave it at that. And just as a final question, looking at Blue Lake. So you've only got 26 holes in this, and yet you've got almost
11 million ounces. How many rigs are running on this? And are you targeting the high-grade potassic core at this point? Are you drilling below the
lithocap? It seems like there's a number of targets. And are you increasing the priority of this target given the maiden inferred resource?
Question: Andrew Rostislav Mikitchook - BMO Capital Markets Equity Research - Analyst
: All kinds of good questions asked already. I just have one quick one to close with my thoughts. This Blue Lake resource, obviously, was a bit of a
halo large resource, and you already stated that you're looking for the higher-grade feeders. Can you give us some sense of what you think what
kind of grades or maybe grades linked with tonnages become material or maybe even more simply interesting to you to pursue?
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