I have gone back for a look at the price assumptions in the 27 February 2023 Updated Economic Assessment for Underground Stage1. They were:
Assumptions:
Cu - USD$9,450/t
Au - USD$1,750/oz
Ag - USD$22/oz
AUD/USD - 0.70
Now, after easing/drop in Cu price over the last 8 weeks, the prices are now (18/7/2024 close):
Cu - USD$9,351/t being 1% worse than assumption
Au - USD$2,432/oz being 39% better than assumption
Ag - USD$29.6/oz being 35% better than assumption
AUD/USD - 0.67 being 4% better than assumption
The expected revenue split from the Updated Economic Assessment for the 3 metals is about 90:8:2 (Cu:Au:Ag) - useful rounded average for me to use, which also means Cu 90% of revenue and Precious 10%. Of course this will vary with grades and prices.
So on this basis, using today's prices, AUD revenue is about 5% better than EA (on price and exchange rate basis only - not considering output and costs).
Yesterday (and recent weeks) were better and tomorrow (and next few weeks) may be worse, or better.
So HGO is still close to the EA parameters on overall price and exchange rate.
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