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.
Gold inventorry didn't go up. The cost of the most recent ozs...
Add TBR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.37 |
Change
0.170(4.05%) |
Mkt cap ! $229.2M | |||
| Open | High | Low | Value | Volume |
| $4.39 | $4.40 | $4.26 | $32.21K | 7.408K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.37 | 2666 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.29 |
Change
0.170 ( 1.90 %) |
||||
| Open | High | Low | Volume | ||
| $4.39 | $4.39 | $4.26 | 617 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| TBR (ASX) Chart |