That's getting down to the marginal cost of production for many producers. Remember MLX have forward sold 40m at a higher price so this benefits them assuming after the forward sales obligations are met gold price is higher.
They're still pretty well placed relative to peers. China at low of cycle and value starting to emerge for producers exposed to the cycle. Pretty reasonable value here if you believe in cycles. Pretty reasonable value based on cash flow!
That's getting down to the marginal cost of production for many...
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Last
57.0¢ |
Change
-0.010(1.72%) |
Mkt cap ! $505.2M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 58.3¢ | 57.0¢ | $716.9K | 1.247M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 31532 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 5351 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| MLX (ASX) Chart |