re: Ann: Apex Shareholder Update - April Prod...
"Apex Shareholder Update - April Production
• Targeted commercial gold production achieved in April at 10,000 ounces
• Plant throughput rate of approximately 850,000 tonnes per annum (above target)
• Underground ore production 50% higher than previous month to over 40,000 tonnes with a grade increase of 15%
• Gold poured was 9,500 ounces (14% increase from March) Overview
Wiluna achieved a major milestone in April having reached its initial gold production rate target of 120,000 ounces per annum and as a result commencing commercial production.
Accordingly, as of 1st April, gold sales and operating costs will be shown in the Income and Expenditure statement whereas all revenue and expenses up to this date have been capitalised..."
My comment:
Nice.
But unless I missed it not in the above nor anywhere else in the ASX release did I see cash costs. For example, on 12th. March KCN released the following which was nice and clear and easy to find:
"Gold production was 10,416 ounces achieved over a short production month at a cash cost of US$331 per ounce gold."
So where is a similar statement from AXM?
AXM Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held