RMS -8.72%: another gold miner that has been forced to downgrade near the end of the period as conditions become increasingly more difficult. They’ve blamed the poor weather, COVID & influenza as well as lower grade when putting through a small downgrade to production guidance for the full year today, from 260-260koz down to 255-260koz. For the most part, these issues aren’t company-specific and they will pass with time. Gold miners will also need a commodity tailwind to get investors interested again. One positive was that RMS didn’t push costs higher, though they are expected to land at the top end of the previously guided $1,475-1,525/oz range.
scroll
Performance update for March, stocks that drove returns & our current positioning
Close
Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
Wednesday 24th April – DOW +263pts, SPI +27pts
Close
MM prefers RRLS & NCM in the gold stocks
Add To Hit List
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Wednesday 24th April – DOW +263pts, SPI +27pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.