Record Free Cash Flow
The December quarter generated a record AUD 174.5 million in underlying free cash flow, marking a sector-leading performance.
Significant Increase in Gold Production
Quarterly gold production reached 85,311 ounces, a 37% increase on the prior quarter, mainly due to the introduction of ore from Cue and improved grades from Penny.
Decrease in All-In Sustaining Costs
All-in sustaining costs decreased by 25% to AUD 1,491 per ounce, benefiting from the outperformance of Cue.
Strong Financial Position
Cash and gold position was just over AUD 500 million, with over AUD 1 billion in available liquidity including a AUD 175 million debt facility.
High-Grade Ore Processing
The mine grade for the quarter was 7.3 grams per tonne, more than double the September quarter, driven by grades at Cue and Penny.
Positive Cash Flow from Key Operations
Mt Magnet generated AUD 161.3 million in cash flow, and Penny generated AUD 73.1 million with an all-in sustaining cost of AUD 790 per ounce.
High Margin on Gold Sales
Realized gold price was AUD 3,383 per ounce, with an all-in sustaining cost margin of 60%.