With the processing challenges of the second quarter well behind us, Point Rousse is now back on track having sold 4,652 ounces of gold at operating costs of US$800 per ounce, well below our revised guidance of US$990-$1,025, to generate operating cash flows of $3.2 million during the third quarter. The Company achieved an all-in sustaining cash cost per ounce of US$1,208 during the quarter, which includes corporate and sustaining costs, while selling its gold at an average price of US$1,428, providing free cash flow to continue to advance our growth projects. We are particularly excited about the expanded Mineral Resource at our Goldboro Gold Project which will form the basis of the finalization of the Feasibility Study, and the commencement of exploration drilling at the highly-prospective Tilt Cove Gold Project, all prior to the end of the year."
Gold Mining Stocks Are Getting Cheap Investments
- Thread starter kurimaw
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