Aurelia Metals (ASX:AMI) has released its quarterly activities report for the period ending 30 September 2024. The company reported a cash balance of $103.2 million, supported by strong operating cash flow. Metal production included 10.5 koz of gold among others. The company also achieved significant development milestones at the Federation mine.
Aurelia Metals has reported a robust quarter with strong operational cash flow and strategic advancements in their projects. The company maintained a cash balance of $103.2 million and achieved significant metal production. Development at the Federation mine progressed, including the completion of the first stope ore mining. The Cobar Optimization Study highlighted potential value creation from processing Federation ore. Aurelia continues its focus on safety, sustainability, and strategic growth, maintaining its FY25 production and cost guidance with an optimistic outlook for the fiscal year.
This quarter, we maintained strong operational cash flow and progressed significantly with our development projects. The Federation mine development has ramped up, and we have seen advancements in our optimization study. We are committed to our FY25 production and cost guidance and expect to see a decrease in our AISC throughout the fiscal year.