Gold production was above forecast and within latest guidance at 11,555 ounces. Site operating cash costs were A$588/ounce with AISC of A$807/ounce, also within latest guidance. Gold sales were 10,780 ounces for revenue of A$20.3M at an average price of A$1,882/ounce.
A total of 48,969 ounces of gold were poured for the financial year with an AISC of A$947/ounce. Production was in line with the upper end of guidance and costs at the lower end of guidance. Guidance for FY20 is production of 27,000 to 32,000 ounces of gold at an AISC of A$1,300 to A$1,450 per ounce, in line with the existing underground business case.
Cash, bullion and listed investments position totalled A$80.8M
Ann: Quarterly Activities Report, page-2
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