For those that were unable to listen in here are a few takeaways.
The company won't be withholding sales of metals for Q2.
The new El Cubo plant is already operational, ahead of schedule.
The turnaround at El Cubo is happening on schedule, won't see much when Q2 reported because of the possibility of some downtime and the large reduction in the workforce(three months severance pay for approximately 200 workers will equate to a cost of $1.25 million dollars). Improvement to resume in Q3 and overall record production expected in Q4.
Expect positive drill results at El Cubo in the short term.
The company will be comfortably cash flow positive with $23 silver and $1400 gold.
The company not only expects to meet stated production goals, in fact they will produce more than stated.
Management is confident that metal prices will be higher in the future.
In addition to the twenty percent reduction in the work force there are many other cost savings taking place.
We knew about the record production and revs so no need to expound on that.
Earnings down because costs not yet where they should be due to El Cubo.