Cosmos Chiu: Thanks. And then maybe one last question, Greg, as you mentioned, very profitable in Mexico this year, which also means a larger tax bill next year. Could you remind me, when does that margin payment come out? When would it come out? How can we potentially estimate what that payments going to do?
Greg Fisher: Yes, Cosmos, its Greg here. So yeah, the yearend tax filing is due in March. So the payments to for the 2023 tax bill would be doing in the first quarter of 2024. And that would relate to both income taxes and mining taxes. We have paid about $3 million this year, we’re going in the third quarter and about $3 million in the fourth quarter. But given our profitability, there will be a pretty significant catch up when we file that tax bill in March of 2024.
Cosmos Chiu: Great, thank you. So all the questions I have. Congrats again on a very strong Q3.
Operator: Our next question is from Mike Parkin, please go ahead.
Michael Parkin : Thanks, guys. And congrats on a great quarter. Could you just speak to the Island project? What is the critical path? And you know, what’s kind of budgeted in there for — and do you have any kind of flexibility to whether added a night shift gear it up, did prove to show any signs of falling behind schedule?
Luc Guimond: Hi, Mike. Luc here. As I mentioned earlier with the previous question, right now, our main focus has been around the shaft setup and the shaft sinking in preparation for that. And certainly the headframe and everything as well advance. And we’re in the final stages of preparing to commission for the shaft sinking. So our expectation is at least Q4, we’ll start that process. As I mentioned, we’ve got a reputable contractor that’s got a lot of a lot of expertise and skill set to complete that on time and on budget. And we fully expect them to be able to do that. The other components that we’ve been certainly working on with regards to the Phase 3+ Expansion is the detail engineering for the mill expansion, as well as the Paste plant.
So those have been ongoing over the course of this year. And, you know, we’ll start to get into more serious aspects of the construction into next year and into 2025 with regards to both of those components. And the other component that’s required for us is obviously an upgrade to our existing power distribution to the site. And we will be basically doubling our load from where we are today. And we are certainly currently working on that as well to have a construction timeline to have that all in place as well. Once all the other components of the Phase 3+ Expansion are completed to start up in Q1 — end of Q1 2026.
Michael Parkin: Right. Follow up for Greg, can you just remind me what was the budgeted Canadian dollar? I know you guys looking to take advantage of the current weaker — I would assume weaker Canadian dollar versus budget to just help give you a bit of additional tailwind on that project?
Greg Fisher: Yes, we had budgeted at $0.75. So the weaker Canadian dollar will help from a CapEx perspective but also on our operating costs through our existing operations.
Michael Parkin: And can you just remind me roughly like what percentage of the CapEx would be Canadian? I guess probably all your labor and contractor would mostly be CAD. I imagine it’s pretty high.
