" AMI - AURELIA METALS LIMITED Macquarie rates AMI as Outperform (1) - Aurelia Metals' first quarter gold production beat Macquarie's estimates by 9%, but copper missed by -7% while lead and zinc were in line. Higher production costs at Hera, Peak and Dargues drove an all-in sustaining cost of $2,683 an ounce, 42% above the broker's estimate.Full year guidance was maintained, including all-in sustaining costs of $1,900 an ounce, reflecting an expected decrease in costs through the year. The company continues to work on funding options for Federation, which Macquarie considers the company's main upcoming catalyst.The Outperform rating and target price of $0.25 are retained."
Don't know what Mac have been smoking!!
AMI Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
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