Osisko Cuts Its 2024 GEO Delivery Guidance Range To 77,000 – 83,000 GEOs Under Assumption That Production At Eagle Mine Will Remain Suspended Through To The End Of 2024
Portfolio Pulse from Benzinga Newsdesk
Osisko has revised its 2024 GEO delivery guidance to 77,000 – 83,000 GEOs, assuming that production at Eagle Mine will remain suspended through the end of 2024. The guidance also accounts for a two-month delay in Capstone's ramp-up at Mantos Blancos.
August 06, 2024 | 10:13 pm
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Osisko has revised its 2024 GEO delivery guidance to 77,000 – 83,000 GEOs due to the suspension of production at Eagle Mine and a delay in Capstone's ramp-up at Mantos Blancos.
The reduction in GEO delivery guidance is likely to negatively impact Osisko's stock price in the short term as it signals lower expected production and potential revenue. The suspension at Eagle Mine and delays at Mantos Blancos are significant operational setbacks.
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