We are on guidance (2.7 to 3.0 Mt) for FYE 30.6.25.
The guidance given was 2.7 to 3.0 mt which is a little lower than usual due to major work to reconstruct a new haul ramp in the September 2024 quarter.
The haul ramp had to be repositioned to expose the area we are currently mining (mining switched from the western end of the pit to the eastern end).
Since completing the repositioned haul ramp, Peter Kerr has stated that the strip ratio will remain below 2 to 1 for the remainder of the mine life.
Peter Kerr always bases guidance on lower production in the March quarter due to typhoon season. Even still we managed 0.7 Mt in the March quarter this year.
In the past, without the mobile crusher assisting, and without a stockpile, we have managed sales of up to 4 Mt.
MGX Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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