So it’s something that certainly both Rob and I have done in our careers from time-to-time when we see a need to reset expectations.
Mike Parkin: Okay, excellent. And just one question on Peñasquito. With respect to the stream, is there any minimum delivery of silver that you’re tied to, or are you fully free to shut down and not deliver sulphur when you’re not producing?
Tom Palmer: That’s correct. That’s my understanding, Mike, we’ll get the team to just run that to ground. And it’s different from that, we’ll let you know, but that’s our understanding.
Mike Parkin: Okay. That’s it from me guys. Thanks so much.
Tom Palmer: Thanks Michael.
Operator: Thank you. The next question goes to Tanya Jakusconek of Scotiabank. Tanya, please go ahead. Your line is open.
Tanya Jakusconek: Good morning, everyone. Thank you so much for taking my question. I wanted to ask about Peñasquito, just to get some clarification just from so many news articles that keep coming out. I’m just trying to understand with the union being on June 8th. I just want to make sure that I understood some of the articles that came out. Has the union gone to paying the workers? Because my understanding was the workers aren’t being paid being on strike that the union has gone into pay the workers. Do we know if that’s a correct statement from some of the papers I was reading?
Tom Palmer: Tanya, that’s correct. The members, the union members who are on strike are not being paid by the union that they’re members of. And as part of our position at the negotiating table, we’re not paying back pay.
Tanya Jakusconek: Okay. So the union is not paying and you’re not paying. So they haven’t been paid since June 8th.
TOM PALMER: That’s right. So workforce of some 2,000 people aren’t being paid. You’ve got a much bigger contractor workforce that aren’t being paid. You’ve got an extended community, there’s some 28,000 people that rely upon those wages to receive some benefits. They’re not being paid. We’re the biggest taxpayer in the state of Zacatecas. They’re not getting taxes. And our contributions are close to $2 billion a year to the Mexican government through both taxes and royalties are not currently being paid. So our message to the union leadership is we have a fair and equitable agreement. We paid in accordance with that, and we strongly encourage them to get their members back to work so that we can start paying wages again.
Tanya Jakusconek: Okay. Yeah, it’s just there was an article, Tom, that’s saying that the union leader — the union was taking money from their coffers and paying the workers. I just wanted to clarify that. And just how should we think about the cost of the — on a monthly basis, being on care and maintenance as we go into July, how should I think, number one, what sort of cost should I be thinking about you incurring on care and maintenance? And number two, would that be coming through the operating costs, or would you take that out and put it under other? Thank you.
Tom Palmer: Yeah. Thanks, Anita. So we — you’ll see — and I’ll get Daniel to catch up with you after the call, but we’ve got something in our earnings release. If you think about those costs through the month of June, at Peñasquito, we incurred $23 million of operating costs, another $15 million in depreciation due to the suspension of operations. So it’s down for most of June. That’s a pretty good indicator of what that’s going to look like.
Tanya Jakusconek: Okay. And I would run that through the cost. You’re not going to take it out separately. Sometimes you’ve taken it out and included it out of operating costs into other items.
Tom Palmer: No, we don’t plan to do that, Tanya. So what you described is how best to model it.
