All sustaining costs of A$1,070/oz for 2014. Lower cost for 2015 is expected.
Hedged 50,000 Oz at A$1,536 for 2015...
CBA deal is just for operational security, ensuring they have all the cash need for the next 12 months should Gold to remain bad.. PoG was very bad at the time of the deal.. So management is doing ok..
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All sustaining costs of A$1,070/oz for 2014. Lower cost for 2015...
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