A1M’s quarterly result outlines a decent quarter of production with costs in line with guidance expectations. December is expected to be stronger with ore being sourced from the higher-grade Lens 6 and Deeps areas. Capital expenditure towards the Jericho development including a new mine ventilation cooling system resulted in lower cash at the end of the quarter. Exploration and resource definition drilling at a variety of target areas succeeded in returning intervals of good grade. Development of Jericho and expansion of the Eloise plant should ultimately result in lower operating costs. The market would like to see progress accelerated towards these goals.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.