The recent power shortage in China has resulted in many Zn smelters cutting production since Oct8. As I looked at this morning's prices, zinc seems to have broken out of the stubborn US$3100/t resistance and now trade above US$3400/t. In AUD terms, that is A$4637/t. The price for Zinc AMI received for FY21 is A$3613/t. Well, AMI not only has the skyrocketing price of Zn as a tailwind but is slated to produce even more Zn this year, c. 31.0 - 34.5kt. Last year's output was 25.1kt. The additional 6kt is valued at around A$28M, which brings down the gold AISC even more. At the upper end of production, the extra 9.4kt will bring in A$43m. Let's see what the coming quarterly results are. GLTAH.
The recent power shortage in China has resulted in many Zn...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $329.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $813.3K | 4.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 506688 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 273232 | 6 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
19.5¢ |
Change
-0.005 ( 0.71 %) |
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| Open | High | Low | Volume | ||
| 19.5¢ | 19.8¢ | 19.0¢ | 960992 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AMI (ASX) Chart |