I’m not getting my hopes up for a particularly good quarter. The slide you referenced also shows 21% of year’s production is forecast in Q1. I’m expecting to see something pretty similar to the previous quarter, maybe a little bit extra from Dargues, so ~25koz.
The annual AISC will benefit from the higher metals prices (vs guidance) however much of the move in zinc has occurred since the start of October. Copper was a bit weaker in Sept-Q vs June-Q, and lead a bit stronger.
I’d be surprised if AISC was below A$1750/oz for the quarter.
I decided to hedge my bets and sell half my holding at 39c. Been burned too many times on AMI quarterly results.
AMI Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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