- Aurelia Metals (AMI) reports lower production and higher costs from its NSW mines over the 2022 financial year
- Group gold production for FY22 was 98,461 ounces at an unaudited all-in-sustaining-cost (AISC) of $1707 per ounce with production below the guidance of 104,000 ounces
- Lead production came in at 24,600 tonnes, slightly under the 25,000 tonnes FY22 guidance, while zinc was 30,700 tonnes, just out of reach of its 33,500 guidance
- CEO and Managing Director Dan Clifford says the company saw a “challenging operation environment” through the latest quarter for its Peak and Hera mines in the Cobar Basin
- AMI shares drop 9.68 per cent to trade at 28 cents at 12:02 pm AEST
Aurelia Metals (AMI) has reported lower production and higher costs from its NSW mines over the 2022 financial year.
Group gold production for FY22 was 98,461 ounces at an unaudited all-in-sustaining cost (AISC) of $1707 per ounce with production below the guidance of 104,000 ounces.
Lead production came in at 24,600 tonnes, slightly under the 25,000 tonnes FY22 guidance, while zinc was 30,700 tonnes, just out of reach of its 33,500 guidance.
CEO and Managing Director Dan Clifford said the company saw a challenging operating environment through the latest quarter for its Peak and Hera mines in the Cobar Basin.
“AISC performance was also affected by the inflationary environment and production performance. The recent purchase of mobile fleet to support the transition to owner-operator mining at Peak, and settlement of 2022 annual treatment charges for the Hera operation were the key drivers that contributed to this higher-than-expected result,” he said.
“In combination, these factors resulted in a slightly softer final outcome than anticipated.”
Aurelia’s full operational results for the 2022 June quarter will be released next week.
AMI shares have dropped 9.68 per cent to trade at 28 cents at 12:02 pm AEST.