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Aurelia Metals (ASX:AMI) - The Dargues Gold Mine
The Dargues Gold Mine
The Dargues Gold Mine. Source: Aurelia Metals
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  • Aurelia Metals (AMI) shares closed today’s session in the green after concluding a profitable 2021 financial year
  • Statutory net profits after tax totalled $42.9 million, representing a 46 per cent increase on the prior corresponding period
  • All materials enjoyed increased production and sales volumes with the exception of copper
  • The average gold price realised during the year was $2,476 per ounce, which was six per cent higher on average in comparison to FY20
  • Aurelia Metals shares closed today’s session up 4.55 per cent to trade at 34.5 cents

Aurelia Metals (AMI) shares closed today’s session in the green after concluding a profitable 2021 financial year.

The gold and base metals company clocked $42.9 million in statutory net profits after tax, representing a 46 per cent increase on the prior corresponding period’s $29.4 million total.

Sales revenues were up 26 per cent from $331.8 million during FY2020 to $416.4 million for FY2021.

Profits were driven by increased gold production and sales across the group, which were up by 13 per cent to weigh in at 103,634 ounces, with 102,589 ounces of this total sold.

The average gold price realised during the year was $2,476 per ounce, which was six per cent higher on average in comparison to FY20 according to Aurelia.

Silver, lead and zinc production and sales were also up on the prior corresponding period however copper was down across both metrics.

The period also reflected Aurelia’s acquisition and integration of the Dargues Gold Mine in southeastern New South Wales, which contributed 15,000 ounces of gold since it was acquired in December 2020.

The mine added $17.5 million to Aurelia’s operating costs, which were $11.1 million higher on the previous year due to “increased activities”.

Aurelia Metals shares closed today’s session up 4.55 per cent to trade at 34.5 cents.

AMI by the numbers
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