Not a bad annual report, production of 339koz at an AISC US$1,476/oz and Cash flow $115m cash flow.
Here are some key points for the FY25 forecast: increased costs and lower production.
Optimistic that gold prices will remain above $3,000 throughout the year?
Anticipate achieving a production range of 275 – 300 koz at an AISC of between US$1,650-1,750/oz. This guidance reflects a shift in our operations, with Syama expected to produce 195-210koz. Mako is projected a lower production rate between 80-90 koz owing to the cessation of open pit mining in the second quarter of 2025, and the transition to processing lower-grade stockpile material. Our 2025 cost guidance has been significantly impacted by the adoption of the 2023 Mining Code in Mali coupled with increasing royalty rates, which we estimate will add approximately US$250 per ounce to Syama's AISC.
RSG Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
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