RE: Huge Spread21 Oct 2025 15:26
For clarity on the admin-costs point re audited accounts:
Notes 7–10 deal with depreciation, audit fees, and staff costs (salaries, health insurance, and share-based payments). There’s no separate breakdown for rent, insurance, legal, IR, travel, or secretarial expenses.
Under IAS 1 (para 97), companies only need to disclose individual items if they’re material. It seems the auditor judged the current level of disclosure sufficient, so no restatement was required.
In short: the accounts meet IFRS rules, even if they’re light on detail. A fuller breakdown could be given voluntarily, but it’s not mandatory.
Now, back to the real story — ounces, progress, and production. GLA