SFR generated record production from its DeGrussa operation on both a quarterly and annual basis. June Q production was 19.3kt Cu and 13.5koz Au at a C1 cash cost of US$0.51/lb (+8% Cu, +15% Au and -31% C1 QoQ). Full year production was 72.2koz Cu and 42.3koz Au at US$0.72/lb C1, beating revised guidance of 70-72koz Cu and 38-40koz Au at US$0.90/lb C1. FY21 guidance has been set at 67-70kt Cu and 36-40koz Au at US$0.90-0.95/lb C1, which is below Argonaut’s previous forecast of 74.5kt Cu. Cash at 30 June was $291m (up $49m QoQ) and the Company has no bank debt.
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.