gold outlook bad for RMS, page-30

The forward guidance for 2023 has been factored in aslong as there are no surprises in the qtrly.

If there is another big jump in increase to AISC then it'll spell trouble and investors will then start to price in risk of a revised and increased forward guidance.

yes still profitable but that is not the point. & what most gold bulls have missed and have been caught out on. It's all about the rate in which cost are rising outpacing the increase to the gold price which on average has barely moved.

RMS and other miners need to be selling gold at $2750 and not $2550. Obviously that isn't going to happen.

So, investors and fund managers pay close attention to cost maintenance. As those that can manage cost best will see it out the otherside when the gold price increases.

use SBM as an example, 12 months ago they were still profitable, now their cost is almost more then what they are selling their gold produced at. If the cost continues to increase, you'll be surprised how FAST they'll burn through their cash in the bank. This is bloody dangerous and isn't a game. They probably need to made the hard decision to cease all operations immediately and place the mines under C&M. Take the hit now but they'll have the cash to restart later. The current market conditions isn't something you want to trade you way out of.

I think there is a high chance SBM will be another DCN/WML

RMS isn't facing the same troubles... yet.. but they need to accelerate exploration and Rebecca, get it do a point where a DFS can be done based on 100-120koz p.a. x 10 yrs at sub $1600/Aud/oz LOM AISC.