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: Mark Mihaljevic - RBC Capital Markets, Research Division - Analyst
: I guess Cosmos covered a few of these, but circling back on La Colorada. Just wanted to figure out kind of what type of time line should we expect
for you to really get back into those higher grades? Do you have all that development in place, and it's just a matter of really just putting the tools
back in and getting people back in there? Or should we expect a bit of a longer ramp-up as you need to do some more development?
Question: Mark Mihaljevic - RBC Capital Markets, Research Division - Analyst
: Okay. Perfect. And then just kind of a little more color, if you can provide, on exactly the causes of the delays? Was it kind of limitations in terms of
getting people in? Was it challenges getting some of the skilled labor that you needed? Or was it something with -- or did you also have some
ground condition issues? Obviously, it's always a concern at La Colorada to make sure everything holds together, right? So kind of a little more
color on really the root causes of the delay beyond just, call it, COVID impact?
Question: Mark Mihaljevic - RBC Capital Markets, Research Division - Analyst
: Okay. Perfect. That's really helpful. And I guess just kind of sticking with some of the COVID impacts, kind of are you confident in the protocols you
have in place now that you'll be able to avoid the challenges that you've now had -- you had in Q3 in Peru? Do you think you've made enough
changes? I mean, obviously, nothing is going to be perfect, and everyone is still dealing with it. But do you think -- or kind of -- have you made any
changes to the protocols? And kind of how confident -- or kind of what type of impact do you expect to see from them?
Question: Mark Mihaljevic - RBC Capital Markets, Research Division - Analyst
: Okay. Perfect. That's very helpful. And then, I guess, the question -- or actually, we don't ask too much about, but that of Manantial. Can you give
us a little color on kind of how you're thinking about that going forward? Now with 3 mining areas and obviously, pretty different grades between
the different deposits, can you kind of give us the -- a sense of where we should expect that to shake out for the next 12 to 24 months?
Question: Mark Mihaljevic - RBC Capital Markets, Research Division - Analyst
: Okay.
Question: Dalton Baretto - Canaccord Genuity Corp., Research Division - Analyst
: A couple of questions from me on Guatemala. Michael, can you tell us what your team is doing on the ground there around Escobal in terms of
helping the communities out with the COVID-19 situation?
Question: Dalton Baretto - Canaccord Genuity Corp., Research Division - Analyst
: Okay. And given what you've been doing down there, have you noticed a change in the way your team is being received or perceived by the
communities compared to prepandemic?
Question: Dalton Baretto - Canaccord Genuity Corp., Research Division - Analyst
: Compared to your reception prepandemic, have you noticed a difference in the way your company or your team's being viewed by the community?
Question: Dalton Baretto - Canaccord Genuity Corp., Research Division - Analyst
: Okay. And on that note, there's a number of countries in Latin America, like Peru, for example, that are looking at doing this ILO 169 process or this
consulta previa process virtually as opposed to in-person for obvious reasons. Is that something Guatemala is even contemplating? Or is that just
completely in the back burner for now?
Question: Dalton Baretto - Canaccord Genuity Corp., Research Division - Analyst
: Okay. And then last one for me, Argentina, just given the current situation, the fiscal situation of the country and then, as you said, the economic
impact of COVID-19, any movement in Chubut?
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