The Aurelia Metals Ltd (ASX: AMI) share price may be down 2% to 72 cents today, but it's up 188% over the past year to deliver a happy Christmas to investors who've held the gold miner over the period.
The gold, lead, copper and zinc producer has enjoyed a bumper 2018 largely on the back of rising gold production combining with a weaker Australian dollar helping to give the company a material boost to its cash flows.
For financial year 2019 it now expects to produce 115,000 to 130,000 oz of gold at an average all in sustaining cost (AISC) across its flagship Hera and Peak gold mines of A$900 – A$1,000 per/oz.
It's also expecting to invest $35 million to $48 million in growth capital over FY 2019.
The ASX gold miner posted $16 million in positive cash flows for the quarter ending September 30, 2018 and has $82.9 million cash in hand to fund its gold mining operations.
As with other gold miners like Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST), Aurelia remains leveraged to the US dollar gold price and AUD to USD spot FX rate.
