The December 2014 quarter updates on operations included total gold sold at 142,556oz (as per the guidance); all-in sustaining cost (AISC) of A$1,073/oz; and average realised price of A$1,417/oz. Jundee Gold Operations recorded 65,603oz mined and 55,060oz recovered with AISC of A$953/oz. The drilling results were noted up to 3,040gpt indicating slight potential to grow resources and mine life. Kundana Gold Operations recorded 29,538oz mined and 29,566oz recovered with AISC of A$632/oz. Here, the drilling results led to discovery of the 100% owned Millennium deposit. Further, Kanowna Belle Gold Operations recorded 21,892oz mined and 21,820oz recovered with AISC of A$1,092/oz. Drilling results of up to 5,328gpt leading to White Feather discovery were illustrated. Plutonic Gold Operations recorded 20,494oz mined and 17,381oz recovered with AISC of A$1,787/oz. Paulsens Gold Operations recorded 16,179oz mined and 17,225oz recovered with AISC of A$1,453/oz. For the quarter, the Company reported underlying free cashflow generation of A$52.5m. Debt cut by A$15m to A$35m was also noted. The bank debt is expected to be ending early in the June quarter. NST paid A$14.5m fully-franked final dividend during the quarter. A$119.1m was reported to be the cash and cash equivalents on hand at 31 December. Total operating expenses have been seen to be reducing month on month with the highlight that the expenses are running 10% below July 2014 levels owing to increases in productivity and efficiencies.
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