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20.5¢ wiluna mining corporation limited.

What’s the future of this mine?They surely will not leave it...

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Cigarsmoker59

225 Posts.

63

24/01/24

22:16

Post #: 72053089
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Originally posted by yurts: ↑

Smoke and mirrors...

"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.

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What’s the future of this mine?

They surely will not leave it idle in the middle of the outback after spending 100 million plus on a processing facility

Will it be relisted on the ASX?

WMC Price at posting: 20.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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