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.
Ann: Half Yearly Report and Accounts, page-3
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Last
$3.59 |
Change
-0.130(3.49%) |
Mkt cap ! $188.3M | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.75 | $3.59 | $19.78K | 5.398K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1973 | $3.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 300 | 1 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$3.63 |
Change
-0.130 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $3.72 | $3.77 | $3.60 | 149 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| TBR (ASX) Chart |