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.
Absolutely they should be flying. This is a very simplistic...
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Last
$15.85 |
Change
0.150(0.96%) |
Mkt cap ! $18.22B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.05 | $15.81 | $86.08M | 5.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9868 | $15.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.86 | 1500 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |