Non-sustaining capital + exploration roughly works out at an additional $400 per ounce on top of the AISC! Hedges, albeit a smaller proportion of the new production profile are losing around $200 an ounce.
Will be interesting to see the market action today after most goldies, including RRL having being sold down the last 2 weeks into quarterlies.
RRL Price at posting:
$2.48 Sentiment: Buy Disclosure: Held
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