Cash costs at A$1,283/ounce a little on the high side for my liking, but it's early days in the life of the mine so hopefully this will improve. Good to see a quarter's worth of gold hedge still in place, but the achieved margin of A$135/ounce, on 15,576 ounces, is not really enough to get excited about. It contributes just over A$2m to the DZP! It might pay for the marketing trips, but not much else IMO.
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- Ann: Quarterly Activities Report - June 2014
Ann: Quarterly Activities Report - June 2014, page-2
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