Aurelia’s costs hit record low, debt drops 14%

Company News

by Jessica Amir

Gold-lead-zinc-silver producer, Aurelia Metals Limited (ASX:AMI), has announced it has dropped its Cash Costs to a record low. 

The record low Cash Costs and All-in-Sustaining Costs for the March 2017 quarter came on the back of strong base metal production and higher base metal prices.

The miner’s Hera project in central New South Wales also received the green light for underground access and mining at the North Pod site.

Aurelia Metals also increased its cash in bank to $32 million, while it also reduced its net debt by 14% to $80 million.

Shares in Aurelia Metals Limited (ASX:AMI) last closed 2.08% lower at 23.5 cents.
 

Jessica Amir

Finance News Network
Jessica presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.