Australia's Aurelia Metals jumps on upbeat outlook, smaller loss

Aurelia Metals

30/08/2023 02:00

** Gold and base metals miner Aurelia Metals Ltd  AMI.AX 
rises as much as 7.8% to A$0.083, marking its biggest intraday
pct jump since mid-July
    ** AMI second biggest gainer in the ASX All Ordinaries index
 .AORD 
    ** AMI expects to produce between 2.8 and 3.1 thousand
tonnes (kt) of copper in FY24, above last year's 2.2 kt
    ** Forecasts all-in-sustaining-costs of A$1,850 and A$2,050
per ounce of gold for FY24, below last year's A$2,315 per ounce
    ** Posts statutory net loss after tax of A$52.2 mln ($33.82
mln), vs last year's A$81.7 mln
    ** Jefferies had forecast A$55.2 mln loss
    ** AMI down 35.4% this year, as of last close, vs a 2.7%
increase in the ASX All Ordinaries index 

($1 = 1.5434 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))