HGO hillgrove resources limited

Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-50

  1. VYR
    4,887 Posts.
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    Hi Wassa,

    You might be interested in noting that they have finally stopped reporting cost of copper produced and more correctly started to report costs of copper sold. A small win. We can finally align the reported costs in the quarterly reports with the Profit and Loss account.

    Regarding depreciation and amortisation. Writing off two years drift development cost in 2024 instead of just the cost of developing the drifts that access the loads that were mined is a one off hit to the P&L once steady state mining is reached. Unless they change their definition and accounting policy that hidden gem asset will stay in the balance sheet untill the year the mine closes.


    https://hotcopper.com.au/data/attachments/7037/7037763-5dacbc4f0956d12f2a18a08682d119f1.jpg
    https://hotcopper.com.au/data/attachments/7037/7037772-d713b883e81ff4524d3498e9e4381b64.jpg



 
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