Post by
666999 on May 15, 2024 6:38am
Great Q1 results
Mined 2.6 M oz Ag/eq
AISC $ 12.90
Grade 874/t Ag eq
Cash position $ 91M
Current Ag price $ 28.84, and silver price is at resistance level, Q2 numbers will be even better, time to buy some junior,
Comment by
mmoital on May 15, 2024 11:14am
Average prices in Q1 were $2,062/oz Au and $23.37/oz Ag. At current prices, that means $250 for Au and $5 for Ag more than Q1. If production remains the same, that means 15k oz Au x $250 (3.75m) and 1.4M oz Ag + $5 (8m) of additional profit (assuming costs remain the same). That is additional profit of 11.75m in Q2, more than 40m annualised.