The quarterly is out. I've had an interesting read.
Silver production was below budget and declined 5% from the March quarter to 169,910 ounces.
However AYN do explain to us all why this happened and are confident about this September quarter.
Receipts from silver sales were $4.591 million.
Payments for production of that silver was $6.036 million.
By my calculations it cost AYN A$35.72 to produce one ounce of silver in the June quarter.
AYN also have about $2 million in cash at 30th. June. Some of us might wonder how long that cash will last.
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