The period under review was largely characterised by continued geopolitical tensions in Europe and the Middle East, coupled with inflation uncertainty which led multiple central banks to purchase large volumes of gold driving average prices up. Eureka Mine’s y/y feed grade was 11.6% higher in FY24. This drove a 12% increase in production despite milled ore tonnage being similar over the last two years. Pickstone Mine experienced an increase in milled tonnes and higher feed grades, resulting in 25% production growth. Overall mining production growth was 17% y/y with output reaching 84,812oz (ounces) versus 72,744oz in FY23. Dallaglio’s y/y sales grew by 29% with sales volume being 88,083oz compared to 68,162oz in FY23. In contrast, the Agribusiness experienced a production decrease with y/y skin harvests being 8% lower at 46,560 skins versus 50,675 skins in FY23.
