It isn't complicated. Costs have gone through the roof across the board.
They had anticipated running stockpiles through the DNO mill once the current open pit reserves are exhausted. Sounds like may be marginal to do so however unless gold stays at these levels or goes higher.
If I was a betting man I suspect might put DNO into care and maintenance until they can prove up the Commonwealth prospect or other higher grade milling feed.
Ultimately there is no value in 60k oz of annual production if it is not making cashflow.
It isn't complicated. Costs have gone through the roof across...
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Last
$1.66 |
Change
-0.030(1.78%) |
Mkt cap ! $1.272B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.65 | $1.027M | 621.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 28798 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 25533 | 10 |
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| Last trade - 10.31am 30/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |