Production in the quarter was as expected, however costs came in higher due to the drawdown of stockpiled ore. FY25 guidance highlights similar metrics to FY24, which was a record year for Eloise, however the cost guidance was higher than our prior expectations. A1M’s future remains underpinned by the Jericho development with progression of the Jericho development providing a pathway for expansion of the Eloise operation leading to reduced unit costs. Finalisation of debt financing could generate share value gains.
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.
