RRL Quarterly Report to 31 March 2022 maintained FY22 Guidance of 420-475koz of gold at an AISC of $1,425-1500/oz.
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To meet the guidance, they will need to achieve a minimum 107 Koz in production at AISC of 1378 for Jun Q 22 which appears very challenging in this inflationary environment. Perhaps the market is expecting a production update. On the other hand, if they did manage to achieve scenario 2 or 3 (similar to Jun Q 21), the SP should recover after the EOFY selling. Any Change in Substantial Holding announcements before the Quarterly would be good indicators.
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RRL Quarterly Report to 31 March 2022 maintained FY22 Guidance...
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