Need Probe’s help?The 3rd quarter earnings results of Canadian Malartic
were released last week.
The mined grades were down 20% Y/Y from
1.22g/t to 0.98g/t.
Their total cash costs per ounce increased from
$708/ou to $1025/ou which translates into a
45% increase.
In their earnings release the company said
this
"Third Quarter of 2024 - Gold production decreased
when compared to the prior quarter-year period due
to lower grades as expected from the mining
sequence combined with lower recovery and
throughput."