The entire gold mining space has been humbled and that was great for long term value. Workers, equipment, fuel and less development play into AUQ's hand. They made good moves to sell high cost assets while they were still expenive and now will reap the rewards.
The buyback timing was great for shareholders who participated to the fullest extent and anything in the current range is a good time to reinvest back in. Gold prices have been on a string down but a rounded bottom looks to be forming. When it does.........AUQ's increasing production, fortified balance sheet and falling 'all in' costs will give them a long run to the $20-30 range over the next few years even with $1300 gold.
Think it can't happen? Look at HUN a few years ago at $2 and now at $22 and paid a nice dividend while you waited. This market doesn't have many 10 baggers left. AUQ may be one of them.
Hoisting shaft was a big project and it is finally wrapping up. 11 months instead of 10 isn't bad for a large construction project of that scale. If it was in Jersey, it would have taken 11 years and 10x the budget.