RE: Gold Price in Oz Dollars almost back to all time record high9 Apr 2025 16:10
We have several benefits from the current AUD Gold Price, including a boost in revenue, with us receiving more AUD for each ounce of gold we sell, increasing our overall revenue. Also, in exchange rates, a weaker AUD against the USD (sure, where gold is priced) further benefits us, as we receive more AUD for each USD earned from selling our gold.
In terms of cost considerations, while higher gold prices are positive, and our operating costs are primarily paid in AUD, the combination of higher gold prices and a weaker AUD should lead to increased profitability too.