RE: GRL Ghana24 Mar 2025 21:48
"H1 2024 - 1133 ounces produced @ $2290/oz = $2.6m revenue "
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$2,600,000/1133oz=$1,950oz
So GRL achieved $$1,950oz
The average gold spot price for 2024 was $2,386.20oz
So about an 18% discount
Can't find price achieved/sold in financials per Ounce, why withhold, ?
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2023(suspended July , late accounts)
produced about 1,257oz, revenue $2.20m, which was from H1
so estimate, achieved $1,7490z ~ 8% discount to average spot price of $1,940,
but report states USD1,969.82oz which is within 2023 refined gold prices, so maybe sold near peaks ($2,135.39oz Aug 4th,) ??
"..extreme and prolonged rainy season, which significantly curtailed stacking from June to October 2023. Production for the year to 31 December 2023 was 95,497 tonnes of ore, agglomerated and stacked, averaging 1g/t Au with 1,275.25 oz of gold bullion sold at an average price USD1,969.82/oz."