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."
Not quite right. A lot of that extra expenditure was "growth...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)