'All-in sustaining cost (“AISC”was US$1,932/oz (YTD: US$1,815/oz).
Average GEO selling price was US$1,725/oz in Q3 2022 (YTD: US$1,826/oz)'
Cost more to mine the gold than they sell it for.
'Net Financial Debt of US$12 million and net current liabilities of US$10.7 million (US$0.7 million excluding US$10.0 million of short-term financial debt) at the end of Q3 2022.'
Lots of debt relative to the volume of sales.
'Cash and cash equivalents of US$0.7 million. Combined with the fair value of ~1,000 unsold and unrefined gold equivalent ounces in inventory totaled US$2.4 million.'
Not much cash left, will need to raise perhaps soon.
A year ago, AGD was producing 22.4koz @ $1380 and selling at $1795/oz
Today, they produce 19.7koz @ $1932 and selling at $1725/oz
This explains the share price. Most Gold miners doing it hard right now due to inflationary increases in production/energy costs plus the decrease in gold price from its high. So costly operation like this, without a cash reserve behind them, are risky propositions.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.184M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 8111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 143000 | 0.016 |
4 | 446127 | 0.015 |
2 | 50000 | 0.014 |
1 | 300000 | 0.010 |
1 | 300000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 8111 | 1 |
0.036 | 237471 | 2 |
0.041 | 48804 | 1 |
0.042 | 100000 | 1 |
0.045 | 30000 | 1 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
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