Ok JoeKing2, gold is up in OZ$, but a lot of costs are in US$ terms, like diesal, hence the rise in OZ dollars does not comphensate.
It applies to all mining companies. Some are changing to different energy forms.
Inflation is a killer!
Extract from Westgold to show the issue.
(Westgold Managing Director Wayne Bramwell said:“During financial year 2022 (FY22) industry cost pressures reached an all-time high. In comparing costs in H1 FY23 to costs in H1 FY22, Westgold saw the price of diesel rise by 82% and material price increases in ground support, explosives, flights, accommodation, and food. These factors drove a 17% cost increase across these two periods)
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Last
44.5¢ |
Change
-0.005(1.11%) |
Mkt cap ! $1.541B |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 43.0¢ | $10.42M | 23.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 923494 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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No. | Vol. | Price($) |
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10 | 667283 | 0.440 |
8 | 1064823 | 0.435 |
20 | 436247 | 0.430 |
15 | 575994 | 0.425 |
9 | 388278 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 179020 | 2 |
0.455 | 605961 | 9 |
0.460 | 485528 | 5 |
0.465 | 340227 | 4 |
0.470 | 882329 | 9 |
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