Costs rising as weak quarter confirmed for Aurelia

AURELIA Metals has reaffirmed production guidance for the current year after confirmation of a weak December quarter headline performance, though all-in sustaining costs are now expected to be at the upper end of the A$1050-1250 per ounce range.
Costs rising as weak quarter confirmed for Aurelia Costs rising as weak quarter confirmed for Aurelia Costs rising as weak quarter confirmed for Aurelia Costs rising as weak quarter confirmed for Aurelia Costs rising as weak quarter confirmed for Aurelia

Aurelia's Peak mine in NSW

The company produced 15,274oz at AISC of $1977/oz in the December quarter from its New South Wales operations on the back of scheduled lower grade ore and flagged plant shutdowns.

That took production for the half year to 44,581oz, equating to about half the full-year target of 85,000-95,000oz.

Aurelia's net cash position declined about $30 million to $63.6 million following a return to shareholders of $17.4 million made in October and $14 million invested on the Peak processing plant upgrade.

Aurelia said the Peak upgrade involving the addition of a lead-zinc circuit was "on plan" for commissioning this quarter.

Shares in Aurelia were down 2% to 42.5c in early trade, capitalising the company at $371 million.