Only bad news ever gets released Friday afternoon after the close. I guess a 20% reduction in payable silver production guidance qualifies:
"Payable silver production for 2012 is now expected to be approximately 590,000 ounces, as compared to previous guidance of 740,000 ounces. Payable gold production guidance is now approximately 9,400 ounces, as compared to previous guidance of 9,000 ounces. "
i know there are extenuating circumstances as follows but still bad news.
"The decrease in anticipated silver production during 2012 is primarily the result of a six month delay in the planned arrival of underground mobile mining and ancillary equipment, including loaders, trucks and drills that are no longer required at the El Quevar project. Due to customs delays in Argentina, the equipment which was expected to arrive in January 2012 is now expected to arrive at the mine site in June. This delay has reduced the amount of mine development completed, which has in turn delayed access to stopes with higher grades and delayed further reductions in dilution. Gold production is forecast to remain near previous guidance as the Company expects to be able to use the new bulk flotation process being installed at the oxide plant, planned to come on line in July, to improve gold recoveries more than originally anticipated."