Ann: Apex Shareholder Update - April Production , page-5

  1. 24,765 Posts.
    re: Ann: Apex Shareholder Update - April Prod... "Wiluna achieved a major milestone in April having reached its initial gold production rate target of 120,000 ounces per annum and as a result commencing commercial production.

    Accordingly, as of 1st April, gold sales and operating costs will be shown in the Income and Expenditure statement
    whereas all revenue and expenses up to this date have been capitalised."

    My comment:

    That means the market needs to know the cash costs of production for April. Not much point imo releasing an April production update without the cash costs.

    What are they? US$300/oz? US$500/oz? US$700/oz?
 
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