Yes, a disappointing quarterly even taking into account the mine wall collapse. The two green shoots are the hedges as a percentage of production and the Mcphs approval that seems to be slowly drawing nearer.
Realised gold price seems quite low but obviously a function of hedges sold vs ounces sold with lower sales vs prior qtr and gold on hand at the end of the quarter. Certainly some margin pressure here.
Commentary and guidance at the teleconference will be critical.
The bigger macro picture for me is that many of these developer darlings won't reach production at this rate as their PFSs won't stack up. Could see some care and maintenance. i Will keep an eye out for this development. That said, my base case is for a higher gold price in the mid 2s USD. The world is a very ugly place at present. Funds will need to find a safe haven
Yes, a disappointing quarterly even taking into account the mine...
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.45 |
Change
-0.010(0.41%) |
Mkt cap ! $1.850B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.46 | $2.42 | $12.66M | 5.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 53999 | 7 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |