Post by
silverT on Jul 28, 2020 10:39am
A reminder....what we have here
March 2020
KEY QUARTERLY HIGHLIGHTS • Continued with sound operational performance at the Guanaco/Amancaya mine complex, except for several precautionary measures to protect the health of our people to address the risk of the COVID-19 virus. • Quarterly production in line with 2020 guidance and increased by 33% from the March 2019 quarter and decreased 5% from the December 2019 quarter to 17,096 gold equivalent ounces (16,176 gold ounces and 89,729 silver ounces). • Quarterly Operating Cash Flow of US$12.4 million and US$4.3 million before and after changes in working capital respectively. Cash & cash equivalents reached US$6.6 million while account receivables were US$6.6 million (collected in early April 2020) and gold and silver in inventory totaled 3,290 gold equivalent ounces. • Operating margins remained strong with quarterly Operating cash cost (C1) and All-insustaining cost (AISC) at US$685 and US$893 respectively per gold equivalent ounce. The average selling price for the March 2020 quarter was US$1,593/oz reflecting the upward trend of the price of gold and silver
Comment by
MichaelSWE on Jul 28, 2020 11:19am
While we are at it. The company has 225,000 of ounces gold in reserves and another 880,000 in resources.