Calidus Resources (ASX:CAI) has flagged an upward gold production trend QoQ at its Warrawoona project with March quarter production clocking in at 15.1Koz.
The December quarter saw 11.98Koz produced on-site. Further, of the 14.1Koz sold in the March quarter; 8.9Koz were sold at spot prices – significantly boosting cashflows.
Gold has officially hit the A$3,000/oz range as most metals have seen piecemeal recoveries, or gains, in price this year.
The March boost was enabled by a return to the main orebody at Klondyke, minting the company’s highest monthly production result ever since the stock began producing gold at Warrawoona.
The company has retained its gold production guidance range of 32K–37Koz by the start of FY25.
Calidus also expects the June quarter to post yet another milestone for QoQ production growth. The company has begun treating its ore from Blue Bar and the company anticipates further production tailwinds.
Macquarie, meanwhile, has been called on-site to help restructure hedge and debt arrangements which Calidus describes as “resulting in an additional ~A$31M of free cashflow in CY24.”
CAI shares last traded at 12cps.