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joey70

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29/02/20

14:03

Post #: 43233487
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Originally posted by precis: ↑

Joey is correct. Last quarter was an aberration at 40% because we put through a lot of low grade gold ore especially at Peak. Prior to that it was 72% gold to 28% base. On the upside for gold we are now reaping much higher prices. This quarter might be lowish say around 20,000 oz but in the final quarter, gold is set to rise markedly. The higher price and the increased production will increase gold revenue as compared with last quarter. As for the other metals, several things will increase our revenue for them which might raise the percentage of revenue for them. Firstly we'll be mining very high grade Pb/Zn at chronos. Secondly the mill should separate these so that the prices we get will be much greater than selling the Pb/Zn concentrate. Thirdly the levels of Cu, Ag, Pb and Zn are all good in various veins at Kairos. in short our revenue is set to go up markedly. I'm thinking we'll exceed $365 million for the Fy, and EBITDA will be around $120 million. So in pure dollars both gold and base sales will increase considerably. The percentage income should come out more in favour of gold due to the much higher price, and the expected increase in gold production. Remember we were selling gold at $1800 and now we are getting $2500. That's a 38% increase.

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Thanks for informative post... Will look for rentry

AMI Price at posting: 39.5¢ Sentiment: None Disclosure: Not Held
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Thanks for informative post... Will look for rentry

ASX Market Open: US inflation hits 3%; local futures indicate fresh all-time-high | 12 July 2024

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

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Thanks for informative post... Will look for rentry

Top Stories

ASX Market Open: US inflation hits 3%; local futures indicate fresh all-time-high | 12 July 2024

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

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