I am looking at the average price of sales per ounce for Red 5.
Our latest announcement for March 1/4 shows sales at:
Taken from the March 2024 1/4ly report.
Operational Update KOTH produced 50,132 ounces in the March 2024 Quarter (December 2023 Quarter: 53,018 ounces) from 1.13Mt of ore processed at an average head grade of 1.49g/t and a gold recovery of 92.3%.
Gold sales totalled 49,726 ounces in the Quarter at an average realised price of A$2,719 / oz.
The new realised price is beginning to offset the hedging price as overall output volume is stable.
Taken from the December 2023 1/4ly report.
Gold sales were 53,087 ounces for the December Quarter (September Quarter: 54,383 ounces), at an average realised price of A$2,619 per ounce (September Quarter: A$2,609 per ounce)
1/4ly sales from December 2023 to March 2024 had increased by $100.00 per ounce.
Future Gold price from March 2024 1/4 has gold spot price increasing and holding. Gold sale price per ounce could continue to increase thus offsetting some of the Hedging loss.
P.S please remember there is not a gold miner out there does not have some form of hedging.
Let us look forward to a strong sound and stable gold price. Gold is our product and the day to day running costs are established.
Looking forward Red 5 is in a sound financial position and there is nothing but growth on the horizon.
GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-14
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
45.8¢ |
Change
0.013(2.81%) |
Mkt cap ! $1.627B | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.3¢ | 44.5¢ | $8.018M | 17.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 704854 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 1170259 | 51 |
View Market Depth
| Last trade - 12.22pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
45.8¢ |
Change
0.013 ( 3.51 %) |
||||
| Open | High | Low | Volume | ||
| 44.8¢ | 47.3¢ | 44.8¢ | 5145613 | ||
| Last updated 12.39pm 17/06/2024 ? | |||||
| RED (ASX) Chart |
