Join the Conference Call on Thursday folks. Questions need to be asked.
Was sent this from a fellow shareholder.
Aurelia Metals' June-quarter gold production missed Macquarie's forecast by -20% and all-in-sustaining costs sharply outpaced. Zinc and lead production also fell short of guidance and the broker's forecasts. Copper staged a solid 13% beat. Macquarie is now looking to the company's Federation Feasibility Study, considering it a key indicator for long-term performance and remains "constructive" in its approach until then.
Macquarie no longer expects
Aurelia Metals
to report a profit for FY 2022. Its revised view follows soft preliminary production and cost metrics provided by Aurelia late last week. Aurelia reported annual gold output of 98,400 oz, 5% short of guidance and Macquarie's estimate. Unaudited all-in sustaining costs of A$1,707/oz for FY 2022 were also well above the A$1,350-A$1,550/oz guidance range. "We estimate that AISC in 4Q would have to be A$2,500/oz in order to bring FY 2022 AISC up to A$1,707/oz," Macquarie analysts say in a note.
UBS
is awaiting FY23 guidance for further indications on the near-term.
KKR
AMI Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)