Gold sales for quarter of 14,958oz at average price of A$3,016/oz. The AISC was lower than Q1 at $3,889 per ounce, but above our internal expectations for Q2 primarily driven by lower gold production due to the unplanned plant shutdown at the end of the quarter. An estimated 2,400 ounces of production were delayed into Q3 because of the unplanned shutdown. Simberi is largely a fixed cost mine and accordingly AISC is anticipated to fall with the higher anticipated production in H2 FY24.
SBM Price at posting:
17.5¢ Sentiment: None Disclosure: Held
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