tiprankstipranks
Ten Sixty Four Limited Reports Decrease in Quarterly Gold Production and Increased Costs
Company Announcements

Ten Sixty Four Limited Reports Decrease in Quarterly Gold Production and Increased Costs

Story Highlights
  • Ten Sixty Four Limited experienced reduced gold production and higher costs this quarter.
  • Despite challenges, significant high-grade results were achieved in resource drilling.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Ten Sixty Four Limited ( (AU:X64) ) has shared an update.

Ten Sixty Four Limited reported a decrease in gold production for the quarter ending June 2024, with 11,025 ounces produced at a higher all-in-sustaining-cost of US$2,171 per ounce. Despite the challenges in production and increased costs, the company maintained strong gold recovery rates and continued its underground resource drilling, yielding significant high-grade results. The Royal Crowne Vein exploration project saw progression, and although operations in Queensland were placed under care and maintenance, the tenure remains in good standing.

More about Ten Sixty Four Limited

Ten Sixty Four Limited operates within the mining industry, primarily focusing on gold production. The company’s operations are centered around the Co-O Mine, where it holds a 40% interest. The company is listed on the ASX under the code X64.

YTD Price Performance: -80.0%

Average Trading Volume: 3,000

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $80.91M

For an in-depth examination of X64 stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App