Sandstorm Gold meldet Ergebnisse für Q2/18
Second quarter highlights:
- Revenue of $18.9-million (Q2 2017 -- $16.1-million);
- Attributable gold equivalent ounces (1) sold of 14,465 ounces (Q2 2017 -- 12,750 ounces);
- Average cash cost per attributable gold equivalent ounce (1) of $296 resulting in cash operating margins (1) of $1,013 per ounce (Q2 2017 -- $290 per ounce and $970 per ounce, respectively);
- Cash flows from operating activities, excluding changes in non-cash working capital (1), of $12.3-million (Q2 2017 -- $10.1-million);
- Net income of $700,000 (Q2 2017 -- net loss of $1.9-million);
- On June 26, 2018, the company announced the results of the Hod Maden prefeasibility study (PFS). The PFS projects a pretax net present value (NPV) (discount rate of 5 per cent) of $1.4-billion and an internal rate of return (IRR) of 60 per cent (2). The study also outlines total production of more than 2.6 million gold equivalent ounces over an 11-year mine life, and it is expected that gold will be produced at an all-in sustaining cost (AISC), on a co-product basis (1), of less than $400 per ounce;
- Sandstorm acquired eight royalties on exploration-stage projects in Burkina Faso, Egypt and Cote d'Ivoire. The company now has 188 royalties in its portfolio.
Outlook
Based on the company's existing royalties, attributable gold equivalent ounces sold are forecasted to be between 54,000 and 60,000 for 2018, and between 63,000 and 73,000 ounces in 2019. The company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
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