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: Anita Soni - CIBC Gold Markets - Analyst
: I just wanted to ask a quick question on Fekola. I think you guys mentioned that the impact -- the issues that you've had with the equipment and
the shovel and then also some inclement weather is impacting Q4. Could you give us an idea of what kind of grades you'll be pulling in Q4 and the
expected tonnage? I'm unsure whether or not this is kind of within the original guidance revision of like 800 to 870 for this year? Or are we gearing
even more towards the low end of that number?
Question: Anita Soni - CIBC Gold Markets - Analyst
: Okay. So a little bit more of a push out than you had originally -- when you originally revised guidance in August, a little bit more of a delay in
accessing that ore than originally thought?
Question: Don DeMarco - National Bank - Analyst
: The first question, Bill, you just talked about Masbate and Otjikoto, some outperformance in Q3 provided some offset Fekola. Was this just a one-off
quarter for both these mines? Or can we expect the trend of outperformance to extend into Q4?
Question: Don DeMarco - National Bank - Analyst
: Okay. And my next question on Mali, there's been some discussion about outstanding payments. Can you remind us how much of that was paid
in Q3 and how much is still remaining to be paid in Q4?
Question: Don DeMarco - National Bank - Analyst
: Okay. So we're all looking forward to Goose ramping up first part in Q2 and so on. But beyond ramp-up with higher free cash flow, can you talk
about your capital allocation strategy? Of course, we have Gramalote. It's under review right now. That might be one option. The dividend is there,
of course, very strong. But how do you see yourselves deploying the cash flow -- higher cash flow once Goose has been ramped up?
Question: Don DeMarco - National Bank - Analyst
: Okay. And can you just remind us then on Gramalote when the feasibility is expected and when a go-forward decision might be made?
Question: Ralph Profiti - Eight Capital - Analyst
: So Clive, I just want to maybe get a little bit more detail on Fekola Regional and some of the time lines on how things get mobilized in terms of
workforce in terms of stripping and sort of maybe sort of a little bit of a walk through how the early part of 2025 is going to look like in terms of
some of these milestones?
Question: Ralph Profiti - Eight Capital - Analyst
: Okay. Great. Yes. That's helpful. Mike, this impairment at Back River, it looks like the amount is sort of in line with the sort of the successive CapEx
increases, right? And I'm just wondering, is that the way to think about it and that there has been no change in the proportion of the carrying value
that is net present value related, right? That could have been offset by the gold prices, for example?
Question: Ovais Habib - Scotiabank - Analyst
: Sorry, I came in late into this call, juggling through a bunch of conference calls. A lot of my questions have been answered. But in terms of the fact
that now things are moving forward in Mali, you guys are kind of getting your bearings kind of settled down in terms of Goose as well. How should
we be looking at exploration in Mali and exploration around Goose as well. Is that going to ramp up going into 2025? Where do we stand on the
exploration side?
Question: Ovais Habib - Scotiabank - Analyst
: Perfect. Just in terms of Goose when we were there at site in September, the infill drill program on the Goose underground was going fairly well.
Confidence level was definitely increasing significantly. Where do we stand right now? I mean, in terms of just confidence going into this new
resource update and then into the new mine plan coming up in Q1?
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