Gold miner EMR has enjoyed a year to remember as its share price has more than doubled, taking the stock into the dizzy heights of the ASX200. The performance of its Okvau gold mine has given it a huge leg up in 2023, it is printing plenty of cash from the first commercial gold operation in Cambodia, where it produced 28,100oz at an all-in-sustaining cost of $US823/oz in the September quarter, making it one of the world’s highest-margin gold mines.
- We like EMR into Christmas, initially targeting ~$3, or 20% higher.