december quarterly - profit of $14m, page-44

cashman2284
Below is an extract from the report on Murchison. From the way it is worded I would guess it is highly probable it will be mothballed.
Quarterly gold sales from the Murchison Gold Operations totalled 13,146 oz. Unaudited all in sustaining
cash costs (before non-cash items) for the quarter was A$2,042 oz.
The fall in gold price in mid-2013 resulted in the deferment of capital required for underground mining
and hence access to higher grade ore. Notwithstanding efforts to date to produce ore from open pit
sources only and conserve cash, the unit costs remain high due to lower grades.
A full strategic review of the operation is in progress and the results of the review will be announced in
the March 2014 quarterly report.