Interesting comparison. Marigold for the half year to June 30 2023 produced 112 koz @ A$2,539/oz (AISC: US$1659). They have much better economies of scale in that they produce at almost twice the rate of production (about 225 koz per annum) however they have a head grade of 0.47 g/t, a strip ratio currently at 3.1 and a recovery rate of about 75%. This equates to an SARG of 0.09 g/t versus Apollo Hill which is 0.16 g/t. SSR are still making money at a sub 0.10 g/t SARG.
I suspect Saturns AISC in the current cost environment could be closer to A$2,200 /oz but provided the gold price can stay around A$3,000 an oz, or potentially go higher in a recessionary environment, that would be ok. A recession would also presumably normalise operating costs some what.
Its presently a horrible time to be costing future mining projects
- Forums
- ASX - By Stock
- STN
- Ann: Apollo Hill Preliminary Economic Assessment
Ann: Apollo Hill Preliminary Economic Assessment, page-13
Featured News
Add STN (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.68M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 24086 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.190 |
3 | 33975 | 0.180 |
3 | 66842 | 0.175 |
2 | 3940 | 0.150 |
1 | 50000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 24086 | 2 |
0.200 | 13600 | 1 |
0.205 | 34750 | 2 |
0.220 | 17113 | 1 |
0.225 | 9999 | 1 |
Last trade - 10.34am 20/06/2024 (20 minute delay) ? |
Featured News
STN (ASX) Chart |
Day chart unavailable
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online