Obviously, we've started 2020 with a lot of activity, the sale of the Ravenswood project, which I've discussed, and also, the equity raise being up to AUD 195 million, which had allowed us to repay the USD 130 million Taurus bridge facility, and we'll see that debt reducing both in terms of gross terms and net debt terms, particularly through our performance through 2020.On the back of recording a net loss after tax, we've decided to defer our dividend for FY '19. Thanks, Reg.
And just for good measure, because we changed year-ends, we only have comparators for 6 months. Firstly, on the nonrecurring items. If you look at the number of ounces that were produced and the margin per ounce, you can pretty much work back to that number given that the Mali tax rate is at 25%.So hopefully, that gives people a reasonably clear picture at a high level of what our P&L looks like on a consolidated basis and what it comps back to in 2018. We see tax which is about $25 million there. 4/22/2020 11:36 AM. You might imagine that, that is somewhat complicated what we had originally hoped was going to be the publication of our audited financial statements.This is not uncommon in African jurisdictions. Thanks, John.
HQ Phone (862) 240-1866.
The good news, I think, from our perspective is we're continuing to optimize and fine-tune the operation of both the roaster and the other circuits that make up the sulfide processing plant, and we can see significant room for further improvement in both throughput and recovery. Bryan O’Hara. And obviously, as has been made -- the market has been made aware, on completion of the Ravenswood disposal, we'll reissue guidance. And starting with the underground mine at Syama, which is obviously the feed source for the sulfide plant, production has accelerated significantly in the first 2 months of 2020, and we're seeing average oil production rates approaching our target annualized rates. Visualizza su LinkedIn i profili dei professionisti con il seguente nome: “Ben Spencer”. I think one of the things that's key for me is to really focus on operational performance and to help with Dave and the team, in terms of the delivery of that all-in sustaining cost number at $980 per ounce for FY '20 together with a production focus. Wrong Ben Spencer? ComboCap Inc . And clearly, the 2019 represents a pivot period for our investment in growth as we move forward to looking to cash flow generation from those investments.We previously reported our group gold sales of 395,000 ounces off the back of gold production of 385,000 ounces.
Based on the quality and frequency of confirmatory data points, this metric represents the likelihood that a contact is employed where we say they are and that it is possible to reach them via email125 Algonquin Pkwy.,
Warren, Stuart here.
Macquarie Research - Gold Analyst * Reg Spencer. It also flowed through as some net realizable value adjustments in inventory.Mako acquisition, the number that you see there is $19 million of one-off, is effectively the purchase price accounting and therefore, the allocation of a purchase price uplift to our inventory balances that sit at Mako, so it's not reflective of the cost of producing that inventory, but we've essentially had to have a $19 million uplift that's gone on to that as a result. Get Email Address. So yes, as John said, we'll be fighting this strenuously.--------------------------------------------------------------------------------John Paul Welborn, Resolute Mining Limited - MD, CEO & Director [5]--------------------------------------------------------------------------------And as we disclosed, it relates back to 2015, '16 and '17. So the numbers that you look at in the financial statements do not reflect Ravenswood for a year.
It's a good overview of the financials. Presentation. Update Profile.
The majority of that relates to our oxide operations at Syama and the Mali tax expense associated with the profit that was generated from those oxide operations, so that was key. So you haven't -- there's no other debt or anything like that, that I need to take into account?----------------------------------------------------------------------------------------------------------------------------------------------------------------No, I think you can see -- we will publicize all that debt that sits out there in that $610 million. Thanks, Stuart. Ian Warden – Global Mining Research. Investment in growth projects and other capital and exploration expenditure was AUD 308 million, and that followed the previous period's investment of $181 million. And Mako, as I think has been aptly demonstrated over the last 5 months, is proving to have been a very robust acquisition, a very sound operation, and it's exceeding and meeting all the expectations we had when we acquired the asset.Overall, given obviously some of the trials we endured last year, the outlook for this year is very positive. That's essentially reflective of having the Mako operations online for 6 months likewise with the Syama underground coming into production increases our D&A charge on that. And the hedges you've seen us put on early in 2020 are consistent with controlling our own destiny in relation to the hedge profile that the syndicate banks will want as we expand that senior debt facility.