Label 1.2 indicates costs of 15.89M. You have 828 tonnes of Copper Production for the quarter. That objectively is not pretty.
Sold vs Stockpiled can be guesstimated. If sold @ Hedge ($12,500) = 763.2t Cu sold or 96% sold. If sold @ $14,000 = 681.4t Cu sold or 86% sold. (inclusive of circa .5m recievables)
I assume that report was not updated for the last Capital Raise because those figures would be dismal. 4400 tonnes p/a of Cu @ $14,000 (ignoring hedge/royalty) = $61.6M Add in the Gold and that would just cover the extrapolated(unscaled) costs for the year.
Essentially, the financials are uncomfortably tight, to the extent that operational and development risks have become a more significant factor.
HGO Price at posting:
7.3¢ Sentiment: None Disclosure: Held
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