AISC

ALPHAMIN ANNOUNCES Q1 EBITDA GUIDANCE OF US$52 MILLION/ MPAMA SOUTH COMMISSIONING UPDATE

Retrieved on: 
Tuesday, April 9, 2024
Tin, TSX Venture Exchange, Growth, COVID-19, AISC, News, Public expenditure, Disclosure, Nature, Risk, Cost, Safety, Depreciation, Mining, Democratic republic

Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q1 2024; commissioning of the Mpama South processing plant; progress regarding underground development of the Mpama South project and the timing of the expected consideration of a final FY2023 dividend.

Key Points: 
  • Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q1 2024; commissioning of the Mpama South processing plant; progress regarding underground development of the Mpama South project and the timing of the expected consideration of a final FY2023 dividend.
  • Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made.
  • There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
  • Net debt is defined as total current and non-current portions of interest-bearing debt and lease liabilities less cash and cash equivalents.

K92 Mining Announces Strong 2023 Q4 and Annual Financial Results – Record Quarterly Revenue, Net Income, Operating Cash Flow, EBITDA, Production, Ore Mined, Ore Processed and Development; Annual Production, Cash Cost and AISC Better Than Guidance

Retrieved on: 
Monday, April 1, 2024
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Record quarterly production of 39,101 ounces gold equivalent (“AuEq”), or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver (1) (2).

Key Points: 
  • Record quarterly production of 39,101 ounces gold equivalent (“AuEq”), or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver (1) (2).
  • Cash costs of US$430/oz gold, second lowest to date, and all-in sustaining costs (“AISC”) of US$1,062/oz gold (2).
  • Record amount of ore mined of 155,062 tonnes and record total mined material (ore plus waste) of 347,529 tonnes, a 39% and 21% increase from Q4 2022, respectively.
  • Cash costs of US$585/oz gold and AISC of US$1,162/oz gold, beating original guidance ranges for cash cost of $620 to $680/oz gold, and AISC of $1,180 to $1,300/oz gold (2).

Karora Announces First Quarter 2024 Gold Production of 36,147 Ounces, Gold Sales of 40,343 Ounces and Cash Position of $87.3 million

Retrieved on: 
Friday, April 5, 2024
AISC, TSX, Gold, KRR

TORONTO, April 5, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce consolidated gold production of 36,147 ounces and sales of 40,343 ounces for the first quarter of 2024.

Key Points: 
  • TORONTO, April 5, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce consolidated gold production of 36,147 ounces and sales of 40,343 ounces for the first quarter of 2024.
  • Production was negatively impacted by wet weather during the quarter and a regional interruption to grid power that impacted the Lakewood mill, affecting gold ounces produced.
  • During the quarter, mobile crushing at Higginsville continued in lieu of primary crushing while the crusher bridge failure was repaired.
  • Karora's unaudited consolidated cash balance as at March 31, 2024 was $87.3 million, an increase of $4.8 million compared to December 31, 2023.

Vista Gold Corp. Announces Updated Feasibility Study for the Mt Todd Gold Project

Retrieved on: 
Wednesday, March 13, 2024
Mining, Minerals, Natural Resources, VGZ, Project, AISC, Gold, Regulation, Table, Security (finance), Disclosure, National instrument, TSX, Annual report, IRR, Technical report, Metallurgy, Economics, Cryptocurrency

The updated feasibility study reflects changes in project economics since the feasibility study filed in February 2022.

Key Points: 
  • The updated feasibility study reflects changes in project economics since the feasibility study filed in February 2022.
  • The updated study also reflects the current outlook for the long-term gold price and foreign exchanges rates, and the recently announced royalty.
  • Mt Todd mineral resources and mineral reserves, mine plans, gold recoveries, and gold production schedules remain unchanged.
  • Frederick H. Earnest, President and CEO of Vista Gold, commented, “Mt Todd is a robust project with strong leverage to the gold price.

OceanaGold Files Annual Information Form and Technical Reports for Haile and Macraes

Retrieved on: 
Thursday, March 28, 2024
National Instrument 43-101, AISC, Gold, National instrument, OceanaGold, Mineral, TSX, Technical report, Economics

Gerard Bond, President and Chief Executive Officer of OceanaGold, said "The updated Haile technical report outlines the robust growth profile we see at Haile.

Key Points: 
  • Gerard Bond, President and Chief Executive Officer of OceanaGold, said "The updated Haile technical report outlines the robust growth profile we see at Haile.
  • At Macraes, the updated technical report includes the removal of Round Hill Open Pit from Mineral Reserves, primarily due to the technical risks of open pit mining adjacent to an existing tailings facility.
  • OceanaGold has filed the updated technical reports for Haile and Macraes in accordance with NI 43-101.
  • Such technical reports are available under our profile on SEDAR+ at www.sedarplus.com and on our website at www.oceanagold.com .

ALLIED GOLD ANNOUNCES FOURTH QUARTER AND YEAR END 2023 RESULTS: ESTABLISHING A SUSTAINABLE PRODUCTION PLATFORM WHICH LAYS THE FOUNDATION FOR SIGNIFICANT GROWTH AT IMPROVING COSTS

Retrieved on: 
Tuesday, March 26, 2024
FEED, Bonikro, Longevity, Growth, Mineral Resources Limited, LTI, PB5, AISC, Capital expenditure, Gold, Line of credit, Capital, Engineering, Mineral, TSX, Mining, FE4, Hire, EPCM, Depreciation, Sustainability, Oxide, S12, Total, Hand, Printed circuit board

Cash flows from operating activities are expected to materially increase in 2024, with increased production contributions and lower costs driving sequential improvements.

Key Points: 
  • Cash flows from operating activities are expected to materially increase in 2024, with increased production contributions and lower costs driving sequential improvements.
  • Strong quarterly production of 94,755 oz, representing a meaningful increase over third quarter production of approximately 12%.
  • Fourth quarter production demonstrates the ability of Allied's mines to exceed a minimum expected annual production of at least 375,000 oz, before further optimizations and costs improvements.
  • In 2024, Allied anticipates producing 375,000 to 405,000 oz of gold at a mine-site AISC(1) of $1,400/oz.

SilverCrest Reports Fourth Quarter and 2023 Annual Financial Results

Retrieved on: 
Monday, March 11, 2024
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2023 Sales and Corporate AISC Beat Guidance, Driving $54.4 million Increase in Treasury Assets

Key Points: 
  • 2023 Sales and Corporate AISC Beat Guidance, Driving $54.4 million Increase in Treasury Assets
    VANCOUVER, BC, March 11, 2024 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its financial results for the fourth quarter of 2023 ("Q4, 2023") and the year ended December 31, 2023.
  • This release also provides additional operational results, expanding on the January 23, 2024 release of Q4, 2023 operational results from the Company's Las Chispas operation ("Las Chispas" or the "Operation") located in Sonora, Mexico.
  • We are extremely proud that within seven months of declaring commercial production we became debt free, after repaying $50.0 million in debt in the first half of 2023 ("H1, 2023").
  • Ended the quarter with treasury assets totaling $105.2 million ($86.0 million cash and $19.2 million in bullion), a $23.4 million or 29% increase from the prior quarter.

Endeavour Announces Wet Commissioning is Underway at Sabodala-Massawa BIOX Expansion

Retrieved on: 
Tuesday, February 27, 2024
Endeavour, TSX, Safety, OTCQX, Gold, AISC, HFO, Printed circuit board

Dakar, 27 February 2024 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the “Company”) is pleased to announce that wet commissioning activities are now underway at the Sabodala-Massawa Expansion project (“BIOX® Expansion”) in Senegal.

Key Points: 
  • Dakar, 27 February 2024 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the “Company”) is pleased to announce that wet commissioning activities are now underway at the Sabodala-Massawa Expansion project (“BIOX® Expansion”) in Senegal.
  • The BIOX® Expansion project is on budget, with construction now 91% complete, and the first gold pour is expected on schedule, in May.
  • Ian Cockerill, CEO, commented: “We are extremely pleased with our progress as we start wet commissioning at the BIOX® Expansion project.
  • Figure 11: 18MW HFO power plant expansion was completed and successfully energised during Q4-2023,

K92 Mining Announces Strong Operational Guidance

Retrieved on: 
Thursday, February 22, 2024
Investment, TSX, KNT, Kainantu, IDP, PEA, DFS, Gold, Ventilation, Movement, AISC

Cash costs between $820-$880 per ounce gold and all-in sustaining costs (“AISC”) of $1,440-$1,540 per ounce gold forecasted for 2024.

Key Points: 
  • Cash costs between $820-$880 per ounce gold and all-in sustaining costs (“AISC”) of $1,440-$1,540 per ounce gold forecasted for 2024.
  • In 2023, Kainantu effectively operated with one mining front, and by the end of 2024, we plan to have three fronts producing, with a fourth planned for 2025.
  • We look forward to providing updates in due course.”
    VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to provide its operational outlook for 2024.
  • Cost guidance for 2024 forecasts cash costs between $820-$880 per ounce gold and AISC of $1,440-$1,540 per ounce gold.

Eldorado Announces 2024 Detailed Production & Cost Guidance; Provides Four-Year Growth Profile

Retrieved on: 
Thursday, February 22, 2024
Total, Copper, Sigma, Zinc, MD, Growth, C6, Technical report, Plant, Kinetics, Triangle, Gold, Lead, Public expenditure, Montgolfier brothers, C7, Abitibi, Silver, Negotiation, AISC, Uranium mining

Gold production in 2024 is expected to be between 505,000 to 555,000 ounces, a 9% increase from 2023 gold production (based on the mid-point of the range).

Key Points: 
  • Gold production in 2024 is expected to be between 505,000 to 555,000 ounces, a 9% increase from 2023 gold production (based on the mid-point of the range).
  • Exploration and evaluation expenses are expected to be $27 to $30 million in 2024, with 65% expensed, and 35% capitalized.
  • In 2024, production guidance of 175,000 to 190,000 ounces at the Lamaque Complex is consistent with the previously guided range of 180,000 to 190,000 ounces.
  • Gold production of 675,000 to 735,000 ounces by 2027, resulting in growth of 45% over the four-year period from 2023 production and a compound annual growth rate of over 9%.