Not that good. Cash from sale of gold was $18.6M And expenses for production,exploration,development and administration was $28.7M. A loss of $10.1M for the quarter. The sale of gidgee has kept them alive. Capital raising paid for GUPS and a few other things. I'm still trying to work out how they get a cash operating cost of $1044 per ounce of gold sold.
I can also see why Apex are in peace negotions with Atlas Copco sounds like their fleet of machinery is on its last legs, plus the $6M they are seeking in compensation.
AXM Price at posting:
1.0¢ Sentiment: Sell Disclosure: Not Held