FY24 Full Year Results

On 29 August 2024, we announced our FY24 full year financial results to the market. The results represent a significant improvement in financial performance for Aurelia.

Gold production exceeded guidance at 65.3koz, the Group all-in-sustaining cost was 12% lower at $2,035/oz, and ore mined at Peak increased by 17% to 580kt through improved operating discipline.

Speaking about the results, Managing Director and Chief Executive Officer, Bryan Quinn noted:

“In FY24 we improved our margins which generated stronger cash flows from Peak and Dargues, effectively funding our investment in Federation and exploration. With a strong cash balance and undrawn loan note facility, we have a strong platform to advance our organic growth projects and create further value for our shareholders,” Bryan said.

“Our Federation Project remains on track to deliver first stope ore in Q1 FY25. This will be the culmination of hours of dedication from our Cobar teams to ensure progress remained safely on track in FY24,” Bryan continued.

“I’d like to thank our valued shareholders for their faith in our strategy. This enabled everyone at Aurelia to get in and get the job done.

“Finally, I want to thank all of our employees, contracting partners and stakeholders who contributed to our achievements this year, your hard work and dedication is greatly appreciated, and I look forward to what we can deliver together in FY25,” Bryan concluded.

Visit the ‘Investor centre’ page to see the full announcement and presentation.