What’s happening at Tampia, page-487

You might have timed your buy well though.

Majority of Tampia development costs out of the way and some of Penny development already spent. With a few extensions at Vivien we could have production shortly at Vivien, Penny and Tampia (as well as the other projects of course). Cap Ex should be on the decline whilst production will be ramped up. Cash generation in quarters once the major development projects are at steady state should be very large.

Hedging getting wound down although still large for the next few quarters. Hedged price is only off spot by around $150 an ounce though and is increasing slowly.

Should be a juicy dividend in a couple of months if things go to plan.

Of course much of the increase or decrease will be attributable to how the gold price fares.