GGPChat

Very important in the way thinks go is inflation, not in UK but in Australia where we are now firmly based.

So I have had a look at how things are going, first wages.

"In the Gold mining sector of the Australian economy, wage growth has shown some interesting trends over the past year. Here’s a summary of the key points regarding wage growth in this sector:

Annual Growth: The average wage growth in the Gold mining sector was approximately 4.6% to May 2024. This reflects a relatively strong performance compared to other sectors."

the last information I can get and would assume similar to date

Moving on to the Cost of Living

"The cost of living in Western Australia rose between 2.8% to 4.7% over the past twelve months. This marks a slight easing from the previous year's increases, which were between 3.7% to 6.2% in the June 2024 quarter."

It seem that it is generally high but nothing that will mean wages will increase more than general in the economy for Telfer.

Next the important ingredient in the Telfer our source of income GOLD


Gold up from approx. $3423 to $4400 increasing by approx. 28 % in under a year, even if it does not increase over wages and cost this is a great start.

GLA.

Gold going up a lot faster than costs.

Shaun's interview was very positive about the future and did highlight that as we transition into our new role we will have additional staff for departments of the business that were not required prior to the acquisition.

Thank you Liam for all the work you have put in, coffee on its way.

https://buymeacoffee.com/aimonair