Avesoro Resources

Avesoro meldet Zahlen für Q2/18

Financial Highlights:

H1 2018

• Gold production of 128,319 ounces, in line with full year 2018 guidance of 220,000 – 240,000 ounces and a 318% increase versus H1 2017 (“HoH”);
  
• Revenues of US$165.9 million from gold sales of 125,838 ounces at an average realised gold price of US$1,318 per ounce, versus revenues of US$39 million and gold sales of 30,375 ounces in H1 2017;
• Operating cash costs US$658 per ounce sold in H1 2018, an improvement of 37% HoH;
• All in sustaining cash costs (“AISC”) of US$932 per ounce sold in H1 2018, a 40% HoH improvement;
  
• Company EBITDA margin of 39%, with EBITDA of US$64.6 million versus EBITDA of US$1.1 million in H1 2017;
• Operating cash flows of US$47.9 million, compared to an outflow of US$7.4 million in H1 2017; and
• Cash of US$12.7 million and debt of US$134.5 million at June 30, 2018.
  

Q2 2018

• Gold production of 60,231 ounces in the Quarter, a decrease of 12% on the previous quarter, as a result of planned lower grades at the Youga mine;
  
• Revenues of US$74.5 million from gold sales of 57,285 ounces in Q2 2018 at an average realised gold price of US$1,302 per ounce;
  
• Operating cash costs of US$698 per ounce sold in Q2 2018;
• AISC of US$985 per ounce sold in Q2 2018;
  
• Company EBITDA margin of 33%, with EBITDA of US$24.4 million in the Quarter; and
• Operating cash flows of US$8.5 million in the Quarter.
  

https://avesoro.com/2018/08/13/financial-highlights-for-the-three-and-six-months-ended-june-30-2018/

Avesoro bekräftigt Produktionsausblick für 2018

• ~60 koz Gold in Q2/18 produziert
  
• Ziel: 220-240 koz Gold in 2018
  

www.miningweekly.com/article/avesoro-gold-production-on-track-with-quarterly-yearly-guidance-2018-07-09

Update Youga Goldmine

https://avesoro.com/2018/06/19/avesoro-reports-a-29-increase-in-mineral-reserves-at-the-youga-gold-mine/

Avesoro Resources meldet Ergebnisse für Q1/18

Q1 2018 Highlights

• Record quarterly gold production of 68,088 ounces, an increase of 140% quarter on quarter (“QoQ”);
  
• Total Company revenues increased 174% QoQ to US$91.4 million, with record quarterly gold sales of 68,553 ounces at an average realised gold price of US$1,333 per ounce;
• Operating cash costs of US$624 per ounce sold, an improvement of 19% QoQ;
• All in sustaining cash costs (“AISC”) of US$914 per ounce sold, an improvement of 24% QoQ;
  
• Company EBITDA margin of 44%, a 33% improvement on the previous quarter, with EBITDA more than trebling QoQ to US$40.2 million;
• Strong operating cash flow of US$39.4 million, an increase of over 177% on the previous quarter, with available cash on hand at the end of the Quarter of US$23.0 million; and
• Net debt decreased by US$17.5 million to US$106.6 million.
  

https://avesoro.com/2018/05/10/financial-highlights-for-the-three-months-ended-march-31-2018/