Estimated Net Debt by YE16 at $517m, compared to $570m Company target, takes into account higher gold price assumptions (spot of $1,300/oz through H2/16 v $1,200/oz for POG) and lower capex spend given the agreement with GMD Gold for the JV partner to cover remainder POX related costs once the deal is approved.
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Earnings update
- Published:
05 Oct 2016 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
4
Estimated Net Debt by YE16 at $517m, compared to $570m Company target, takes into account higher gold price assumptions (spot of $1,300/oz through H2/16 v $1,200/oz for POG) and lower capex spend given the agreement with GMD Gold for the JV partner to cover remainder POX related costs once the deal is approved.