G'day lrjones,
I'm not a goldbug and am purely passing on figures from Shares Mag.
Production cost $US265
Realised price (after hedging) $US335
If I understand correctly, then the reason that the bottom line was $US4.2m (more than expected) was because of having to revers out a deferred income tax benefit of $US16.4m.
Hope this is of interest
LHG
unknown
