OPERATIONS UPDATE AND FY19 GUIDANCE (18 July 2018):
Production guidance for FY19 is 77k‐89koz @ an AISC of A$1,250‐$1,450/oz. FY19 AISC is expected to be higher than Life of Mine AISC, particularly in the first half, due to the investment required to strip new mining areas in the M1 and M2 pits to maintain a high mill throughput. The second quarter will incur mobilisation costs of moving to the Wiluna open pits which are anticipated to underpin the long term future of the Operation. There is some flexibility in the timing and quantum of non‐sustaining capital expenditure in FY19, which is currently estimated to be $3.3m for the Sep’18 quarter, comprising pre‐production costs, reserve definition drilling, expansion studies and discretionary exploration expenditure, all of which represent an investment in current and future years’ gold production.
Dream on!
I'll stay on board of this leaky ship as well, but just because all lifeboats are gone...
Just hope someone throws BD over the railing
