gpl ‘takeover’, page-16

CY2018 cash costs were US$880 per ounce and AISC were US$1,073 per ounce.   In CY19 as grade goes up costs should drop, however management have kept guidance at $1000 to $1100.  

The main reason for that is the cost profile is sensitive the USD/Brazil exchange rate.   85% of mining costs are Brazilian Real.  The chart below is the one to watch.   Furthermore, l don't understand why Beadell isn't currency hedging to mitigate the risk.  The current exchange rate doesn't get much better.