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Afternoon all. I've summarised below the gold producers summary for MAr-21 quarter. My objective is to spark some constructive discussion re. the relative performance and merits. Note that KLA has been excluded at the moment (no data published as yet). I have other data available (e.g. at individual mine level) - please shout with any queries. Also - please call out any errors in the data. Charts include:
- Production (incl. production v. guidance)
- AISC (incl. AISC v. guidance)
- Production and AISC
- Production and margin
- Cash and net cash
- Hedging position
1. Production (incl. v. guidance)
- RMS, GCY, MML, ALK and BLK all posted production figures that put them above their guidance range (for YTD)
- RRL, RSG, OGC, SBM, WGX, WAF. DCN and TRY all posted production figures that put them below their guidance range (for YTD)
- ALK lifted their production guidance by 6%; RMS by 3%
- SBM dropped their production guidance by 4%; WMX (BLK) by 12%
- The % figures compare production YTD v. the midpoint of each organisation's guidance range
2. AISC (incl. AISC v. guidance)
- I can't find any guidance for NCM, but they had a phenomenally low AISC
- RSG, WGX, AMI, MML, ALK, AIS and WMX (BLK) all posted AISC that put them below their guidance range (YTD)
- NST, RRL, SBM, WAF, GOR and TRY all posted AISC that put them above their guidance range (YTD)
- EVN reduced their AISC guidance by 5%; ALK by 3%
- RMS raised their AISC guidance by 2%; SBM by 3% and WMX (BLK) by 3%
- Again, the % figures represent AISC YTD v. each organisation's guidance range (mid-point)
