"Total net cash contribution from operations was $37.14m (2023: $21.33m). The cash inflow from gold sales was 11% higher than the prior year. The expenditure on mining and exploration activities have decreased from $42.30m in FY2023 to $37.59m in FY2024 as a result of decrease in pre‐strip mining of $6.3m." Overall, it looks good to me, and saw there are no hedges in place at year end (June). We would have made even more if there were no hedges in FY2024.
So looking at the presentation, it looks like McPhersons is 1.4 grams and prior deposits were about the same, so grade should go up in FY2025 due to lower grade stockpile ore being replaced with fresh new ore from McP at a higher grade, plus no hedge losses? Do folks here concur on that?
BCN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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