FGO was the star of the quarter; 19.5k oz @ $939 AISC for $15.5 million net cash flow There were some outstanding drill hits ahead of mining; e.g. 29.8m at 5.25g/t Au from 149m inWGU0266 (Starlight); 2m at160.33g/t Au from 4m in WGU0307 (Nightfall, note proximity); 18m at 27.6g/t Au from 64m in WGU0245 (Trev's).
MGO had a mixed quarter; barely cash flow positive at $2.5 million net cash flow, on 25.4k oz at $1498 AISC. The main underground operations (Paddy's and South Emu) performed well, generating 216k tonnes averaging 3.82 g/t in the December quarter, versus 195k tonnes at 3.77 g/t in the previous quarter. Pre-production work continued on underground sources Bluebird and Triton; with contributions from these expected by end of next quarter and by mid-2020, respectively. Open-pit sources at Sabbath and Five Well are still largely in pre-strip phase, but contributed 56.3k tonnes averaging 1.78 g/t. So, decent performance from the MGO mines, with significant growth coming. The main downside to the quarter was failure of the bearings, and backup bearings, in MGO's SAG mill; this kept the mill offline for 20 days.
CGO is continuing with the Big Bell build out; losing $11.7m net cash flow, on 17.6k ounces at $1646 AISC. Big Bell guidance, which should be pretty up-to-date, is for first stopes to hit production in February. The infill drilling on these stopes is grading higher than plan.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
FGO was the star of the quarter; 19.5k oz @ $939 AISC for $15.5...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WGX (ASX) to my watchlist
|
|||||
Last
$2.36 |
Change
0.075(3.29%) |
Mkt cap ! $1.094B |
Open | High | Low | Value | Volume |
$2.35 | $2.37 | $2.30 | $3.706M | 1.590M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 6732 | $2.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.36 | 89212 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 6732 | 2.350 |
26 | 100870 | 2.340 |
20 | 96750 | 2.330 |
19 | 99114 | 2.320 |
15 | 105403 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.360 | 88906 | 31 |
2.370 | 100217 | 16 |
2.380 | 54789 | 13 |
2.390 | 86426 | 10 |
2.400 | 231880 | 7 |
Last trade - 15.47pm 19/06/2024 (20 minute delay) ? |
Featured News
WGX (ASX) Chart |
The Watchlist
INF
INFINITY LITHIUM CORPORATION LIMITED
Ryan Parkin, Managing Director & CEO
Ryan Parkin
Managing Director & CEO
Previous Video
Next Video
SPONSORED BY The Market Online