Absolutely they should be flying.
This is a very simplistic calculation but;
Dec23 qtr average gold price was 2925 and AIC (not AISC) of 2558, so margin $367 and that produced unerlying cashflow of 102M.
March24 qtr was average gold price of ~3150, but lets look at June qtr and assume average price for the qtr of 3650.
3650 less AIC of say 2650 = $1000 margin. nearly 3x the Dec qtr margin! Cashflow should 3x as well on a like for like basis although we expect more KCGM mill expansion capex this qtr.
Ann: Operational Update, page-69
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Last
$13.02 |
Change
0.040(0.31%) |
Mkt cap ! $14.96B | |||
| Open | High | Low | Value | Volume |
| $13.03 | $13.10 | $12.87 | $34.89M | 2.683M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6533 | $13.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.03 | 29003 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |