Newcastle Minerals Ltd A.NCM

RE:RE:The Exploration Results Add Some Optimism

[Smittle]

What is positive, the production costs remained relatively stable in Q1. The total cash cost increased to $830/toz, which is 1.3% above the Q4 levels and 5.5% above the Q1 2020 levels. The AISC amounted to $1,005/toz, which is 0.4% lower than in Q4 and 0.9% higher than in Q1 2020. And the total cost of sales amounted to $1,148/toz. It is 4% below the Q4 and 3.2% above the Q1 2020 levels. The Q1 AISC was well below the 2021 AISC guidance of $1,060-1,190/toz.

Smittle wrote:

Summary

• Pretium Resources produced 85,795 toz gold in Q1.
• The AISC declined to $1,005/toz gold.
• Due to the lower gold sales and gold prices, the revenues, operating cash flow, and adjusted net income declined.
• The net debt declined to $50.6 million.
• Pretium released some very positive exploration results.

Smittle wrote:

https://seekingalpha.com/article/4424456-pretium-resources-earnings-q1-exploration-results-add-optimism