Hey Bull, whilst I am pleased with the result, though I am still disappointed with the year overall as it was downgraded earlier in the year.
There is still quite a bit of spend to come in the first half of FY25, before WGX will really see costs decrease substantially and the ounces increase. Which is fine, as Great Fingall and Big Bell deeps are long life assets and do require a large amount of upfront capital.
This quarters cash build is excellent, considering it was planned to be the highest cost for non-sustaining/exploration in FY24 (roughly $37m + $8m), with $45m (which.... interestingly, is basically all of RMS spend for FY24 (well done to RMS, except, they just spent $180m buying Spartan shares, because their own assets are sub par, but I don't see you critiquing them
@wassa ? Or the $230m they spent on buying MGV, and a further $30m to get it into production)).
I wonder if we will have to wait until the quarterly to get FY25 guidance.... my guess is it will be around 240-260k with an AISC of $2000-2200 (actually achievable, versus FY24 overoptimistic result). Particularly as Great Fingall kicks in.
Very happy about the extra dividend.
It will be interesting to see how Karora did for the quarter (merged entity could end up with close to $350m+).
(20min delay)