Cash on hand as at 31 March 2023 increased by A$13.1M from A$1.5M to A$14.6M. During the quarter, principal repayments of US$1M (approximately A$1.5M) were made on the secured lender’s debt facility along with ongoing interest repayments. The total debt owing to the secured lender as at 31 March 2023 is US$35.8M (approximately A$53.6M).
Gold bullion sales, along with the sale of the remaining stockpiles of gold in concentrate continued during the March quarter, with gross revenue of A$39.3M during the March quarter (including deferred concentrate receivables). The remainder gold in concentrate stockpiles were sold during the current quarter, with ongoing cashflows to be generated through gold bullion sales from the tails reprocessing operation.
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WMC Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
