Cash Flow And Tax PositionLower capital and operating costs at Didipio together with utilization of New Zealand tax pools is likely to increase near-term free cash flow and improve the company's cash profile.
Commodity Price ExposureSubstantial leverage to higher gold prices at Macraes improves upside to asset value, meaning rising metal prices could materially boost the company's valuation.
Technical ReportsUpdated technical reports for Haile, Didipio and Macraes establish revised base mine plans that strengthen the consolidated valuation and could prompt investor reassessment of company value.