They sold around 38,000 ounces of gold fy24 at an average price around us2050. At us2500 they would have made an extra us$15million profit. Just as well we were shut down for 6 years! All that gold reserve now worth another billion bucks in the ground
royalties represent 25% of aisc, but they will not pay income tax on the first $700million profit. The advantage of royalties is that the locals get a cut .
grid power costs are up around 25% in the last two years. Diesel no change
recent commentary I have read indicates that as the gold price has been rising funds have actually left the gdx. Banks are still pricing gold equity valuations on circa us2000 gold. A great analysis I came across examined the historic valuations of the top 10 gold producers and claims that the current bearishnes towards gold equities resembles that in the 1999 low
patience will be rewarded
They sold around 38,000 ounces of gold fy24 at an average price...
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Last
$1.46 |
Change
0.070(5.04%) |
Mkt cap ! $376.3M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.46 | $1.40 | $993.4K | 688.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 350 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 3140 | 1 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |