Mining costs per tonne were 7.2% higher than the Q4 FY14 mainly due to delays and costs associated with a fire that occurred on waste excavator EX903. The EX903 waste excavator sustained damage in the engine component following a fire on-board the machine during Q1 FY15. A rental excavator, with a subsequently, higher cost base, is being utilised to ensure production rates are maintained. Processing costs per tonne milled fell 6.6% quarter on quarter, as throughput increased, despite a major planned shutdown for mill re- line work in September 2014
DML Price at posting:
3.0¢ Sentiment: None Disclosure: Held
