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...
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.8¢ | 21.5¢ | $512.5K | 2.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 492803 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 548490 | 8 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |