RSG 7.20% 58.0¢ resolute mining limited

Ann: Quarterly Activities Report, page-29

  1. 4,303 Posts.
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    I think you're looking for sinister motives when there do not appear to be any. They have not 'made' the Australian dollar stronger, it was stronger. Using group production exchange rate was 79.7cents. My brief look at the Australian dollar over the quarter suggests it averaged about 79. The guidance is still based on 75 cents. Maybe it averages higher, who knows.

    The company's reporting currency is Australian dollars as I understand it and has been for a few years now. Again, nothing sinister.

    As others have pointed out the discussion is not all that important. This is a long term play. If they come in +$50/oz on cost over the year it won't be a big deal especially considering they have hedged a third of production at higher gold prices. I'm more concerned about a major blow out in cost which this report doesn't indicate is on the cards. Some higher grade development ore should come on stream as the year progresses which should help reduce costs.
 
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