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 Cowen - Analyst
: Hi, good morning, guys. Thanks for taking my question. (multiple speakers) A couple of questions in Gibraltar. Just the recoveries have been trending
lower for the last few quarters, and I know it's partly due to the connector pit, but can you give us some guidance in terms of what the kind of
recoveries look going forward? Is it going to be similar to what we saw in Q2? Or is that impacted by the disruptions with the labor strike?
Question: Craig Hutchison - TD Cowen - Analyst
: Okay. And maybe as a follow-up. To get to your guidance, the 110 million to 115 million, like what should we be assuming here for throughput
and grade to the back half of this year. I know you had lost some throughput in the beginning of July, just completing the work you guys were
doing there. But should we assume your backup is a full design 85,000 tonnes a day and kind of 0.24% copper grades for the back half of this year?
Question: Craig Hutchison - TD Cowen - Analyst
: Thank you. And then just on the SX/EW expecting to come back online next year. Any sense in terms of what the cash costs are at this point for
that kind of level of protection?
Question: Craig Hutchison - TD Cowen - Analyst
: Okay. And then one last question for me. Just on the Florence, you mentioned the potential to get the credit in the US government. Are we talking
-- what sort of the level of credit we're talking about like 30% of the cost of the SX/EW facility? And can you kind of give us a magnitude of what it
could potentially be?
Question: Craig Hutchison - TD Cowen - Analyst
: Thanks, guys. I'll turn it over.
Question: Ben Davis - Panmure Liberum - Analyst
: Great. Thanks, guys. Thanks for the call. A couple of questions from me. A simple one. Firstly, just on the wage agreement. Was that -- did that cover
the whole workforce? And then secondly, another one on just kind of system inventories, obviously, a bit of a drawdown with more sales and
production over the past couple of quarters. Do you expect to rebuild those and at what pace kind of going forward? Thanks.
Question: Ben Davis - Panmure Liberum - Analyst
: Okay. Great. That's helpful. And actually, just following up on the SX/EW, so cash costs, hopefully, around the $2 mark. But -- with the restart, was
the thinking about basically securing enough ore? Or was that also a price equation within that as well?
Question: Ben Davis - Panmure Liberum - Analyst
: Yeah, exactly. Is this just now you've rebuilt stockpiles sufficiently that it now makes economic sense to do a restart of the SX/EW?
Question: Ben Davis - Panmure Liberum - Analyst
: Okay, great. That's all for me. Thanks.
|