Operations Review - H1 2023
Total production of 15,391 ounces of gold primarily from the
Cordero Operations had attributable gold production at a Cash Cost of
Income from mining operations of
EBITDA of
Net earnings of
Adjusted EBITDA per share of
Full Year 2023 Outlook
Expand exploration of the expanded property package along the Otu fault to continue to build total Resources and to identify the next mine on the Antioquia property, extending the 'Life of Mine'.
Continue the process of formalizing the small miners working on the Company's concessions to result in 10% of the ounces produced be from these small miners.
Determine whether to restart the el
Review additional strategic additions to the Company's concession package, targeting the trends identified by the exploration program.
Drill the Cordero deposit at depth with the new underground drills purchased by the Company to confirm the deposit continues at depth, increasing the Cordero resource.
Based on H1 production and H2 outlook, the el Bagre Operations are expected to produce between 35,000 and 36,000 ounces at an AISC of between
Drill the
Three and Six Months Ended
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All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'expect' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
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