While it's a great report, the reality is that even CMM is finally starting to be affected by the inflation seen throughout the rest of the sector.
With AISC potentially up 10-15% depending on how much gold they produce.
Plus, the first half looks to be where the lowpoint will be for FY24.
Still very impressed with their hedging deal and put options. Why the likes of RRL never did anything like this astounds me. It has literally cost them $100s of million of dollars in lost revenue.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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