Based on maintenance shutdowns in March quarter we should expect moderately lower production and a higher AISC.
But the average gp for the quarter will be around A$500 per ounce higher than the December quarter. For that reason any cash and bullion surplus below $150 million for the March quarter will for me be a disappointment. If they can only manage $120 million at current gp that will be IMO a bit of a disaster.
RRL Price at posting:
$4.06 Sentiment: Hold Disclosure: Held
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