I think the market probably would have been expecting higher costs, closer to A$900. Production number is likely bang on market expectations given they are very consistently around 75 koz per quarter.
Rosemont really seems to be a bit of a cash cow at the moment and the one dragging the AISC lower. They are mining a higher grade area though so will see if they can keep it up. The grade is above what was expected in the reserve so that bodes well. The AISC for Rosemont doesn't include 'expansionary capital' of $9.9 Million.
When Gloster comes online in the next 6-9 months the Moolart Well grade should start to pick up again and give a few extra thousand ounces per quarter there.
RRL Price at posting:
$2.56 Sentiment: Hold 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)