Business
Markets Live, Wednesday 29 July, 2020 – The Sydney Morning Herald
The S&P/ASX 200 shed 14 points to close at 6006.4 points on Wednesday. Utilities and financials out-performed the market, while materials and energy dragged.
The Gwalia mine in Western Australia achieved its highest mill throughput since 2014.
Full-year production came in at 382,000 ounces, in line with guidance of 370,000 and 400,000 ounces.
The company sold 104,000 ounces during the quarter at a realised price of $2,412 an ounce.
FY21 guidance of 375,000 to 410,000 ounces at an AISC of $1,360 to $1,510 an ounce is in line with RBC production forecasts, as higher output from Atlantic offsets the lower output from Gwalia.
However, RBC notes forec…
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