The never stop AISC increasing is frustrating, particularly with Atlantic. It's a joke if you retrospect to the acquirement presentation. It was mentioned 2019 AISC fo AU$761/oz, not only it did not achieve the target, but also increase quickly in 2020 and 2021 forecast. Can someone refresh me if any significant CAPEX being deployed over there? 761 to 1028 is 50% increased. CND to AUD ex rate remains pretty much stable @ 1.04 in the period.
Also, is Fifteen Mile Stream being developed? We were told production expansion would happen to generate $200koz/year in total. By forecast, Touquoy production will start to drop next year
Now when I look back Atlantic acquirement presentation, I find it really sneaky that there was no LOM AISC forecast. They only mentioned the past figures.
SBM Price at posting:
$3.29 Sentiment: Hold Disclosure: Held
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