This delay means AMI is massively leveraged to the short to intermediate-term Gold, Lead and Zinc prices.
FY23e 87,000 x (current gold price) $2,660 = Revenue $231,420,000
87,000oz @ AISC $1,900 =$165,300,000 Growth/Sustaining Capex and Exploration = $68,500,000 Total Costs = $233,800,000
Capital Loss FY23e = $2,380,000
Offsets will play a large part for FY23 profitability.
Current offset prices Copper = $12,043t Zinc = $4,701t Silver = $31.20oz Lead = $3,136t
Offset estimates used in AMI spot calculations:
Difference is basically a scratch with Zincs price drop completely cancelled out by copper and lead increases. Copper + $416t * 2,500t = +$1,040,000 Zinc - $197t * 29,000t = -$5,713,000 Silver + $0.80oz = Unknown/ Lead + $231t * 22,000 = +$5,082,000
AMI Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)