Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Aurelia has increased its guidance for zinc and lead production in FY 2021 but lowered it for copper.


The Australian gold and base metals miner, indicated in its FY 2020 earnings report, for the fiscal ended June 30, 2020, that it expects the group’s zinc output to reach 23,500-26,200mt in FY 202, up from its actual output of 20,100mt in FY 2020. Lead output is estimated to rise in the range of 21,900-24,400mt from 21,600mt during the same period under comparison.


However, the miner has reduced its outlook for copper production, predicting an output of 4,100-4,500mt next fiscal down from its actual output of 6,300mt in FY 2020.


Of its total base metals production, Aurelia expects its Peak Mine to produce 9,600-10,500mt of zinc, 12,700-14,000mt of lead, and 4,100-4,500mt of copper. The Hera Mine will not produce any copper in FY 2021, while its zinc and lead outputs are estimated at 13,900-15,700mt and 9,200-10,400mt, respectively.


In FY 2020, the company earned a consolidated revenue of AUS$331.8mn ($240.08mn), up by 36.8pc from AUS$295mn last fiscal. The company’s EBITDA profits grew 0.3pc to AUS$103.4mn from AUS$103.1mn during the same period under comparison.



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