I just had a re-read of my breakdown of the last quarterly, and I stand by pretty much everything I predict (although there was a small issue with one calculation).
There is a lot of detail that breaks down how and why the performance of the last quarterly was as bad as it was, and why this quarterly should be a bumper one.
Significant increase in POG partially offset by the large increase in the cost of fuel.
In short:
I am going to go out on a limb here and say I am expecting the following in the next quarter: - Quarterly gold production of around 130,000oz (holding firm on this one) - AISC of around $1,250/oz (expecting closer to $1400 due to fuel costs) - Average price around $2600 (so about $1200/oz profit)
Less 25k oz for hedges = $120m for the quarter.
RRL Price at posting:
$2.28 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)