Precious Metals
Posted By OrePulse
Published: 24 Oct, 2024 08:35
West African on track to meet upper end of full-year guidance
The ASX-listed company’s Sanbrado mine, in Burkina Faso, produced 47 799 oz of gold at an AISC of $1 296/oz for the third quarter ended September 30.
This takes its year-to-date production to 155 443 oz at an AISC of $1 248/oz.
It sold 49 643 oz of gold at an average price of $2 493/oz in the third quarter, taking year-to-date sales to 151 596 oz.
Operating activities generated A$59-million of cash in the third quarter after payment of A$18-million in income taxes.
Capital investing activities used A$175-million cash, including A$161-million for development of the Kiaka project, which is also located in Burkina Faso.
The Kiaka project remains on schedule and budget, with first gold expected in the third quarter of 2025.
Related Articles
Investigation uncovers fraudulent identity documen...
10 Sep, 2024 08:08
The Top Five Gold-Producing Countries in Africa in...
10 Sep, 2024 08:46
AngloGold notes ‘enormous geological potential’ in...
10 Sep, 2024 09:29
Awalé Resources expands BBM gold zone at Odienné p...
10 Sep, 2024 11:38
Proposed amendment: Gold mines to be subject to th...
10 Sep, 2024 12:39
Pan African Resources Annual Result Improves; Expe...
12 Sep, 2024 07:42
African countries are joining the sovereign gold-b...
12 Sep, 2024 08:07
Platinum Group Metals Ltd. Announces Positive Inde...
16 Sep, 2024 09:11
At least 20 likely dead in violence near Papua New...
16 Sep, 2024 10:37
Theta changes funding strategy for South Africa pr...
16 Sep, 2024 11:48Trending News
Generation
Kuwait prepares for peak summer with energy storage and solar initiatives...
06 May, 2025 12:32
5 min read
Energy
Ghanas oil woes deepen as investors shun sector for fifth year running...
06 May, 2025 12:29
4 min read
Precious Metals
AngloGold, Gold Fields pause Ghana JV as gold soars...
06 May, 2025 12:16
0 min read