With the recent rapid rises in the price of gold to ~AUD $2850/oz, it's easy to overlook the fact that gold is now tracking around the AUD$2700/oz mark, and all the gold miners will be selling their production into this elevated price level, higher than assumed in most previous earnings forecasts/guidance announcements. Just recall as recently as Jan 2020, the POG was steady around AUD $2100-2300/oz, and that seemed very high at the time. RMS should see revenues continue to surge even if gold stays around the $2700/oz level for the next 6-12 months.
All IMHO, DYOR
With the recent rapid rises in the price of gold to ~AUD...
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Last
$2.06 |
Change
-0.110(5.07%) |
Mkt cap ! $2.363B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.12 | $2.06 | $7.552M | 3.637M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5633 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 65680 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |