This is excellent news and perfect timing for the company. They are selling their highest cost per oz of gold asset (1200us$) which will improve substantially their margins going forward.
They are getting a much needed (to invest in capex for their lower cost assets) 100M au$ of upfront value while preserving their right to a huge upside potential of 200M au$. IMO a great move by management.
Ann: Sale of Ravenswood Gold Mine, page-2
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $1.139B | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.5¢ | 52.0¢ | $3.027M | 5.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66893 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 120854 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
53.5¢ |
Change
-0.010 ( 2.03 %) |
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| Open | High | Low | Volume | ||
| 53.0¢ | 53.5¢ | 52.0¢ | 3551680 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| RSG (ASX) Chart |