skyzhou06/LifeAudioSingleTurnStreamingCoT huggingface dataset:
the Mungari transaction. We, uh, the Kundana consolidation. Uh, we, we did the, um, the Ernest Henry transaction. Then we did the, um, the Battle North transaction to consolidate Red Lakes. So from our perspective, you know, the, the strategy remains the same, uh, focus on quality over quantity, return on capital, um, and, you know, benefit. The gold price is over A$ 2,500 an ounce. Um, I did reflect on the fact when I, that when I started in the industry, it was $300 an ounce. So, you know, if we're not happy at $2,500 an ounce, um, we need to find another, uh, another sector to operate in. We're, we're excited and happy about it. Um, yeah, the Fed Reserve meeting this morning told everyone what they knew, interest rates were gonna go up. Um, I didn't see anything that people should have been surprised about in, in that meeting. So now guess my, my question about, uh, overall, uh, overall optimistic, um, I was more referring to, yeah, th- that- that's our macro picture. So you, when you're refer to the US Fed there, you're obviously saying that's implications are that for the, for the gold sector, that's obviously looking good for the, for the coming year? <inaudible>. Yeah. I, I, I think the, you know, the question which everyone's asking, uh, uh, um, uh, Jerome Powell, the, the, the Fed Reserve chairman made the point this morning, that inflation is way higher than their target, and they need to start raising interest rates and, and managing, and, and, and, um, reducing their balance sheet. Yeah, that's the question, you know, is the Fed gonna be able to do that, uh, and do it in a way that, um, th- that is, uh, i- i- is not disruptive? And if I, if I were someone and I, uh, who, who needed, uh, insurance, I'd be buying gold and gold stocks like Evolution. Okay. Thank you. Thanks. Thank you. There are no further questions at this time. I'll now hand back to Mr. Klein for closing remarks. Uh, thanks. Uh, thanks everyone for participating. Appreciate it. Won't be long before you speak to us again, uh, with the release of our interim results in the middle of February. So look forward to updating you then, um, and look forward to being able to hopefully with travel restrictions, reducing, uh, to be able to take you to Ernest Henry, uh, take you to Red Lake, uh, and, uh, and also visit Cowal where there are lots of changes happening because seeing is really believing. So thanks. Thank you. That does conclude our conference for today. Thank you for participating. You may now disconnect.
you mentioned that this could be one of the opportunities, uh, that the digital transformation cou- could bring to, uh, a group of inaudible, uh, through the, uh, uh, backend int- integration of the, uh, different brands. So I would like to, to understand your thoughts about your, your expense performance. Eh, well, eh, I, I will start first with, uh, the, the quantitative, eh, discussion here, and then we can, we can move into the more strategic one. Eh, regarding expense growth, eh, I would say 19 is also a, a, a tricky year, it's a tricky year because we had a cost growth throughout the year. It was also affected by, eh, depreciation of, eh, the U.S. dollar and therefore we saw some effect coming from Central America that started to weigh much more inner costs, and also had the, the conversion. The numbers when you run them X, eh, FX impact are more positive than, eh, what, eh, you are looking into and I think that's perhaps the way to look at, eh, at those. Then, eh, you are absolutely right the MFG, eh, acquisition also has some impact there because we're talking of a larger bank. Therefore, perhaps the, the best way to look at it is more on the cost to assets or co- cost to income based to, to, to try to have that. Having said so, eh, part of what are the, the, the positive take aways from the pandemic is we had to go back and rethink a lot of the costs that we had. The digital front that you rightly mentioned is something that has allowed us to bring costs down but, eh, we have a lot of, of work still do and, uh, the pandemic evidence that we have still a lot of potential to improve costs. So, eh, we will continue working on that and the mandate for our banks is, is basically on those lines. Digital helps as, uh, an enabler to, to, to lower costs and that's part of what we've been using. Okay. Thank you ladies and gentlemen. I will not return a call to Mr. Sarmiento for closing remarks. Jenny, thank you very much. I thank you, uh, for the everybody's questions, thank you for the attendance. Uh, we hope to keep delivering and, uh, we hope to have, uh, to start giving guidance for 2022 on our next call. Uh, other than that, just, uh, hope to see you, uh, hope all of you can attend next call as well and, uh, thank you, Jenny and thank you everybody else. This concludes today's conference. Thank you for participating. You may now disconnect.