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.
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