"Total gold bullion sales for the quarter were 3,730oz of Au at an average price of A$2,947/oz" = A$11.0M in gold bullion during the quarter, of which $1.1M was produced during the March quarter
"and final payments for gold in concentrate sales revenue of $11.3M" revenue from work completed in 2022.
Yes, total revenue = $11.0M + $11.3M = $22.3M, but the bulk of that revenue (concentrates) was generated from costs incurred in 2022.
Total costs for the quarter were $18.352M. When you exclude the revenue from concentrate sales, as an operation Wiluna lost $7.35M during the quarter.
Put another way, AISC looks to be A$5,486/oz, being $18,352,000 / 3,345oz (total gold produced)
What does this quarter look like? Considering there will be no more sugar hits from concentrate sales, declining head grades and high AISC I expect the $15.4M cash in hand to be whittled down at a rapid rate.
All IMO of course, DYOR.
WMC Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
