Endeavour Mining meldet Ergebnisse für Q3/18
Operational and financial highlights:
- Production from continuing operations of 139,000 ounces in Q3 and 438,000 ounces for 2018 year to date, on track to meet the upper-end of the fiscal 2018 guidance of 555,000 to 590,000 ounces;
- AISC (all-in sustaining costs) from continuing operations of $820 per ounce in Q3 and $759 per ounce for 2018 year to date, on track to meet the bottom end of the fiscal 2018 guidance of $760 to $810 per ounce;
- All-in sustaining margin of $40-million for Q3, totalling $207-million for 2018 year to date, up 43 per cent over 2017 year to date;
- Operating cash flow per share (before non-cash working capital) of 42 cents for Q3 totalling $1.94 for 2018 year to date, up 30 per cent over 2017 year to date;
- Earnings per share from continuing operations of 14 cents in Q3 and 29 cents for 2018 year to date, up from a loss of 13 cents for 2017 year to date;
- Net debt of $535-million at quarter-end, up from $410-million at end of Q2 due to Ity carbon-in-leach (CIL) construction progressing ahead of schedule;
- Well positioned to finance the remaining Ity CIL construction cash outflow of approximately $122-million with $213-million in available sources of financing and liquidity in addition to cash flow being generated from operations.
Coming catalysts:
- Q4 production expected to increase over Q3 following end of rainy season;
- Maiden resource for Kari Pump discovery at Hounde expected to be released in the coming weeks;
- Ity CIL construction progressing on budget and two months ahead of schedule with first gold pour expected in early Q2.
https://s21.q4cdn.com/954147562/files/...81107-NR-Q3-results-VDEF.pdf
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