Review of AGM:
May production to be released next week. The increase in production trajectory maintained so I would expect production of between 900t and 1000t of contained copper.
Company free cash flow was positive in May. Very positive as a lot of costs such as development occur at the start of a mine.
Copper grades into mill around 20% higher than expected. They are not sure why. Hope there is no offset with lower than anticipated grades in future.
Concentrate grades expected between 24 and 28% copper and around 2.t g/t gold. Not quite there yet. Low impurities.
Production costs lower than a fly in/fly out operation. As an example truck drivers get around $90K as against $140 K pa at a fly in/fly out operation.
Drill testing at present at Kavanagh Deeps. 3 holes completed and one currently in progress. Could not discuss further. Not sure how to view this.
Very good rock conditions.
All in all a very open discussion. Came away pleased.
Any other comments I will advise.
- Forums
- ASX - By Stock
- Ann: MD Presentation for the AGM
Review of AGM:May production to be released next week. The...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
|
|||||
Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.9M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.2¢ | $385.2K | 5.964M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1408295 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 392626 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1313295 | 0.062 |
9 | 736579 | 0.061 |
16 | 1526315 | 0.060 |
9 | 957817 | 0.059 |
9 | 667237 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 392626 | 1 |
0.064 | 445433 | 2 |
0.066 | 315625 | 2 |
0.067 | 349253 | 3 |
0.068 | 565402 | 4 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
Featured News
HGO (ASX) Chart |