WMC 0.00% 20.5¢ wiluna mining corporation limited.

Ann: RIU Explorers Conference Presentation, page-11

  1. 1,205 Posts.
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    Yes their hedge position looks sad. They will get rid of 12,000 ounces by March. They had 6,000 ounces in stock at the end of Dec. quarter. If they use that for hedging or sales I do not know. They may use production AISC $1,500- $1,600 from Wiluna. Overall the realised sale price should be well above $1,720 @ 19,000 oz  for the quarter.  
    The Golden Age North Pit  and Golden Age underground  results look OK. (I recommended them looking at this area at least 12 months ago). This is good news for grade increase etc. Which is commencing right now. (supposedly).
    However Wiluna open pit is supposed to be the major producer for this quarter and next, which is not happening as far as costs go. (not even mentioned in recent reports).
    The combo of Wiluna and GAU and GA open pit might bring AISC down a couple of hundred dollars. They are still looking at  AISC of $1,400 or more over the next two quarters. If AUD gold hangs around $1,800 or above we are OK. 
 
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Currently unlisted public company.

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