I think the issue is a sharp rise in costs from AISC of A$1,662 per ounce in FY 2023 to an AISC of between A$1,900 and A$2,050 per ounce in FY 2024. This large increase in AISC materially lowers cash flow and profitability in FY 2024. No wonder the share price is hit hard today. I wonder whether this means a structural change in the cost base of the Gruyere mine (ie high costs continues into FY 2025 and beyond). I think management have been very poor at communicating such a large increase in costs.
I think the issue is a sharp rise in costs from AISC of A$1,662...
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Last
$1.58 |
Change
-0.015(0.94%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.57 | $1.664M | 1.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 88328 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 49283 | 29 |
View Market Depth
| Last trade - 11.44am 06/05/2024 (20 minute delay) ? |
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Last
$1.58 |
Change
-0.015 ( 1.21 %) |
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| Open | High | Low | Volume | ||
| $1.60 | $1.60 | $1.57 | 287777 | ||
| Last updated 12.03pm 06/05/2024 ? | |||||
| GOR (ASX) Chart |