While the gold price is a concern compare the price back in March Q in 2013 when it was US$1628 which converted to A$1570. Present gold price of US$1090 converts to around A$1490. While there is a decrease the impact has been minimised because of lower A$.
Another significant area of improvement is recovery rate. Back in March 2013 the recovery rate for gold was 74%. The March 2015 recovery rate was 86%. Throughout the C & M period there was a focus on metallurgical studies to optimise recovery rates. Looks like it was time well invested.
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