Not quite right. A lot of that extra expenditure was "growth capital" - so money spent today to earn returns tomorrow. Actual operating shortage for the qtr was around $13M.
"During the September Quarter, cash flows from operations were $31.8m. Proceeds from gold sales of 30,005ounces for the Quarter were $76.7m at an average sales price A$2,540 per ounce. All sales were conducted atspot gold prices. Operating expenditure payments including royalties were $44.9m.
Growth capital of $34.5m for the Quarter included $25.9m for KOTH open pit waste stripping activities, $5.8mfor Darlot underground development by contractor Redpath and a further $2.8m on exploration activities."
Ann: Quarterly Activities Report, page-8
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $2.414B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 34.5¢ | $7.489M | 21.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 358836 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 1047687 | 13 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |