$2.5m added to the coffers from positive cashflow.
Cash operating costs of $363 per ounces delivers a robust and highly profitable margin even when some production fulfills hedging commitments priced at A$700 per ounce
40% of hedging commitments (61,452 oz)can be priced at spot due to forward put options.
Resources - both oxide and sulphide - growing substantially through continue exploration activity - the hole island is one large tub of gold!
Looking forward to seeing initial exploration results from BArrick JV on Tabar Island.
JV with Barrick Gold requires exploration spend $2m over two years but BArricks has already committed to spend $2.1m in the first year!!!
ALD is going from strength to strength. Got to be a takeover at these prices - a real cash cow and trading at a 20% discount to the Barrick Placement
:)
ALD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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