CXB is worth more and so is MOZ Third quarter 2023 highlights:
- Record cash on hand of $97-million, a 26-per-cent increase over second quarter 2023 and 72 per cent higher than the beginning of 2023;
- Free cash flow increased over Q2 2023 to $16.3-million;
- Fourth consecutive record quarterly gold sales of 73,241 ounces grossing $143.9-million total revenue, at an average realized gold price of $1,929 per ounce;
- Consolidated total cash costs of $1,007 and all-in sustaining costs of $1,115 per ounce;
- Net income of $23.4-million or five cents per basic share;
- Adjusted net income of $24.5-million or five cents per basic share;
- Exploration success at Libertad yielded an initial mineral resource estimate at the Volcan gold deposit;
- Intercepted high-grade gold targets at the Jabali mine, potentially expanding resources;
- Continued to expand zones of high-grade gold mineralization at Atravesada and along the VTEM gold corridor, both within the Limon mine complex;
- High-grade, near-surface drill results immediately north and south of the operating Pan mine demonstrate potential to increase resources, grade and confidence across the property;
- Announced normal course issuer bid as a responsible and potential use of available cash.
Year-to-date 2023 highlights:
- Record consolidated gold sales of 208,020 ounces grossing $410.1-million in total revenue, at an average realized gold price of $1,932 per ounce;
- Consolidated TCC of $1,047 per oz; Nicaragua $983 per oz and Nevada $1,412 per oz;
- Consolidated AISC of $1,195 per oz; Nicaragua $1,101 per oz and Nevada $1,456 per oz;
- Net income of $73.0-million, or 16 cents per share.