In line with the Group strategy of margins over ounces, we revised our production and costs estimates for 2016 to 463koz at US$715/oz TCC (POG guidance: 460-500koz at US$700/oz TCC). FY16 levered FCF of US$89m to be used to deleverage the business (YE16 ND: US$501m (SPAe) v US$510m (POG guidance, adjusted for GMD share of capex and non-core assets sales proceeds). On a medium to long term front, we have revised our valuation to account for a series of major business development initiatives th
14 Jun 2016
Valuation update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Valuation update
- Published:
14 Jun 2016 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
14
In line with the Group strategy of margins over ounces, we revised our production and costs estimates for 2016 to 463koz at US$715/oz TCC (POG guidance: 460-500koz at US$700/oz TCC). FY16 levered FCF of US$89m to be used to deleverage the business (YE16 ND: US$501m (SPAe) v US$510m (POG guidance, adjusted for GMD share of capex and non-core assets sales proceeds). On a medium to long term front, we have revised our valuation to account for a series of major business development initiatives th