BTO financials out Looks like an improvemnt. Lowered All in Sustaining Costs for 2016 by $100/oz on the high side compared to last year. Last year was $950 - $1025 AISC while this years forecast is a more respectable $895 - $925/oz. This should take some pressure off the share price.
2015 Fourth Quarter Highlights
- Record quarterly consolidated gold production of 131,469 ounces, 18% greater than in the same period in 2014
- Gold revenue of $139 million on record sales of 127,482 ounces at an average price of $1,090 per ounce
2015 Full-Year Highlights
- Record annual consolidated gold production for the seventh straight year of 493,265 ounces (including 18,815 ounces of pre-commercial production from Otjikoto) in 2015, an increase of 28% over 2014
- Record annual consolidated gold revenue of $553.7 million (or consolidated gold revenue of $576.8 million including $23.1 million of pre-commercial sales from Otjikoto)
- Record annual gold sales of 481,185 ounces (or 499,651 ounces including 18,466 ounces of pre-commercial sales from Otjikoto)
- Successful transition from construction to commercial production at the new Otjikoto Mine
- Otjikoto mill expansion from 2.5 million tonnes per year to 3.0 million tonnes per year completed on time and budget in September
- New $350 million corporate revolving credit facility finalized
- Robust results from the new optimized feasibility study for the Fekola Project in Mali announced on June 11, 2015
- Early works construction activities at Fekola Project commenced in February 2015; mine construction commenced in the fourth quarter of 2015
- 2016 outlook provides for forecast annual consolidated gold production of between 510,000 to 550,000 ounces, forecast cash operating costs of between $560 to $595 per ounce and forecast all-in sustaining costs of between $895 and $925 per ounce