At the moment sbm has one mine operating profitably gwalia which produces about 50-55k ounces a quarter at a AISC of $972 AUS.
King of the hills is only a satellite short life mine of about 60k ounces and its AISC is $1343 so its not a long term proposition.
Simberi and gold ridge cant survive in this gold price environment.
That leaves gwalia to service the $360 million dollar debt. Personally I cannot see how gwalia can do this considering how little free cash flow this mine produces. In this last half yearly report sbm only generated a small free cash flow from operations.
No substantial shareholders have sold any which is a good thing but if any decide to exit then the sp could be decimated.
At the moment sbm has one mine operating profitably gwalia which...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $80.25K | 399.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 848888 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 374354 | 6 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |