EBITDA is similar to the previous corresponding period but at materially higher levels of production (including Tropicana).
However look at the costs of production, depreciation and amortisation + inventory write down.
Does anyone know why the amortisation in particular is so high? Is this related to development at Garden Well UG?
Why also write down the value of the stockpiles? (a portion of Duketon and Tropicana ore stockpiles written back to net realisable value resulting in an expense totalling $11,511,000 and $13,741,000 respectively).
(20min delay)