Correction. The 19,500t figure is for the half year. Apologies.
AAL's 1H dropped last night. On nickel, it said:
Underlying EBITDA decreased by 75% to $28 million (30 June 2023: $110 million), as significantly lower realised prices more than offset the benefit of C1 unit costs. The C1 unit costs decreased by 8% to 505c/lb (30 June 2023: 550c/lb), driven by energy cost efficiencies and one-off costs in 2023.Capital expenditure increased by 22% to $50 million (30 June 2023: $41 million), mainly driven by higher deferred stripping capitalisation.
The next higher grade area of the pit is currently going through permitting, with production expected from 2028 to blend with the lower grade areas of the existing pit. Additional drilling is under way to increase coverage and enhance confidence levels within the geological models.These impacts are reflected in the unchanged guidance provided on pages 34–35. Production guidance for 2024 is 36,000–38,000) tonnes. 2024 unit cost guidance is c.550 c/lb(1). The first half unit cost of 505c/lb is lower than guidance, reflecting the benefit of slightly higher volumes in the first half of the year and lower input costs, primarily from energy cost efficiencies.
More generally, the price of nickel looks very ugly:
https://tradingeconomics.com/commodity/nickel
Maybe a straw hats in winter moment, maybe terminal and toxic.
Ash
- Forums
- ASX - By Stock
- Ann: Australia Manganese Update
Correction. The 19,500t figure is for the half year....
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add S32 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.68 |
Change
-0.060(1.60%) |
Mkt cap ! $16.66B |
Open | High | Low | Value | Volume |
$3.64 | $3.70 | $3.63 | $46.35M | 12.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 16139 | $3.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.69 | 45098 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13819 | 3.670 |
2 | 503819 | 3.660 |
2 | 13973 | 3.650 |
5 | 17719 | 3.640 |
2 | 14120 | 3.630 |
Price($) | Vol. | No. |
---|---|---|
3.690 | 41836 | 4 |
3.700 | 50458 | 9 |
3.710 | 13819 | 1 |
3.720 | 16819 | 2 |
3.730 | 38819 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
S32 (ASX) Chart |