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
: First question. At Fekola, Bill, you mentioned that there's ore available to replace the 18,000 ounces that would have otherwise been trucked in.
Would this replacement ore be comparable in terms of grade, operating cost and CapEx to the ore that would have been trucked in?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. And it seems like you've got some flexibility there with Cardinal, Fekola in general. If some of these trucking delays persist into Q1, do you
also have the flexibility to replace what you might have otherwise trucked for a period of time?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. And while we're talking about Fekola and Mali, you've been there firsthand with these negotiations. How would you describe the sort of the
tenor of the meetings? And I mean, obviously, you have a long-standing positive relationship with the government there. Are you seeing, based
on what -- your engagement there, that this should continue?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. That's good. That's encouraging. At Goose then, shifting to Goose, congratulations on the progress so far. And one of the items you guys did
was successfully completed the ice road without any incident. And you actually create -- came up with some creative ways to expedite development
next year. But my question is have you looked at the cost and benefit of building a permanent road to the site? And if so, what might that cost and
some of the benefits be?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. Great. Well, that's interesting, but it seems that's good for that -- thanks for that color. Last question on Masbate. Okay, we see Masbate
benefiting from lower fuel prices. There could be a guidance, cost reduction. Are the fuel costs running below budget at the other mines?
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