Aurelia Metals Releases September 2019 Quarterly Report

  • Oct 28, 2019 AEDT
  • Team Kalkine

Gold and Base Metals miner Aurelia Metals Limited (ASX: AMI) released its Group results for the three-months ended 30 September 2019.

  • The quarterly gold production was 29,307 oz at an AISC of $988/oz;
  • Mine cash flow contribution was $37 million (excl. corporate costs and growth capital);
  • Maiden 2 cps fully franked dividend of $17.4 million (paid on 2 October 2019);
  • Investment in growth capital, payments for tax and gold hedging and a buildup in working capital reduced the cash balance by $11 million to $93.1 million;
  • Dan Clifford was appointed as MD & CEO (effective from 25 November 2019) and Peter Trout was appointed as COO (effective late November 2019);
  • Full year production guidance of 85-95 koz at AISC of $1,050-1,250/oz affirmed.

AMI’s December quarter is likely to be weak, catalysed by lower scheduled grades and construction work related to the Peak plant upgrade. As at 1:08 PM AEST, the stock was trading at $0.45, up by 2.24%.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK