Gold inventorry didn't go up. The cost of the most recent ozs added to inventory had a far higher cost to produce. Recent ozs are likely being produced at a loss.
Assuming an average sale price of $2450 for the half, TBR sold about 22.5kozs after removing the RND Rev of $20M. The accoutns show 15.8kozs were added from production so there was a net reduction of 6.7kozs held.
If you back out the profit from RND, TBR made a LOSS for the half - and based on the EVN forecast for the JV going forward this is unlikely to change in the short term.
Therefore RND only made a profit - and the consolidated group only made a profit - because RND sold older ozs produced when margins were much higher.
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Gold inventorry didn't go up. The cost of the most recent ozs...
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Last
$3.80 |
Change
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Mkt cap ! $199.3M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1585 | $3.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.92 | 1942 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1585 | 3.810 |
2 | 2700 | 3.800 |
1 | 3000 | 3.790 |
1 | 376 | 3.780 |
1 | 10000 | 3.770 |
Price($) | Vol. | No. |
---|---|---|
3.920 | 1942 | 2 |
3.930 | 1552 | 1 |
3.940 | 869 | 1 |
3.950 | 19311 | 1 |
3.990 | 400 | 1 |
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