"every A$50 perounce increase in the gold price above $2,860/oz enhances revenue on the previously hedgedproduction by $2.55 million."
Q2 is currently showing around $15m additional revenue on Q1 due to our partial closure of hedges.
Bearing in mind that during Q1 we have lowered the strip ratio and increased the head grade along with a 3 day mill shutdown and a tailings dam lift, it would not surprise me to see Q2 lower than Q1 $1315/oz AISC.
Should also be noted that there is now a full year worth of ore on the ROM pad along with >6800 oz of bullion on hand.
I often hear people saying that Capricorn 'trades at a premium' but I guess we all have different metrics of valuation.
Fortunately I am hearing and seeing more people (eg GMD) interested in 'margin over ounces'.
Capricorn has turned a few heads in this respect, and also in the 'grade is king' camp.
Ann: Partial Closure of Hedge Book Gives CMM Gold Price Upside, page-31
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Last
$6.45 |
Change
-0.050(0.77%) |
Mkt cap ! $2.435B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.52 | $6.33 | $6.623M | 1.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 5940 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |