Attributable gold equivalent ounce
(GEO) production from other metals rose 68 percent to 111 thousand ounces primarily due to new silver and lead production from Penasquito, partially offset by lower copper grades at Boddington.
The company reported the cost of sales was approximately USD342 per gold equivalent ounce
for the fourth quarter, over the USD319 per gold equivalent ounce
in the third quarter.
Total cash costs and all-in sustaining costs were $749 and $1,081 per gold equivalent ounce
. Total cash costs were 7% lower than Q3 2012.
Cash costs per gold equivalent ounce
rose by 8% to $691.
Revenue of $9.3 million; Cash flow from operating activities of $7.1 million; Net income of $0.8 million or $0.01 per share; Attributable gold equivalent ounces
produced1 of 6,425 ounces and attributable gold equivalent ounces2 sold of 5,359 ounces; Average cash cost per attributable gold equivalent ounce
sold of $208, resulting in cash operating margins of $1,536 per ounce2; Increased revolving credit facility with CIBC and National Bank to US$75 million; Commenced trading on the NYSE American, LLC and Toronto Stock Exchange and Welcomed new institutions as shareholders as a result of the Gold Fields Limited secondary placement.
Cost of sales was about USD327 per gold equivalent ounce
for fiscal 2019 Q2 ended 31 December 2018 versus USD288 per gold equivalent ounce
in the prior quarter.
The company added the average realized gold price was USD1,257 per ounce sold over USD1,168 per ounce sold in the prior quarter; while cost of sales was approximately USD344 per gold equivalent ounce
for the fourth quarter from USD330 per gold equivalent ounce
in the prior quarter.
The Company has included certain non-GAAP measures including 'Co-product cash costs per gold equivalent ounce
', 'Co-product cash costs per pound of copper', 'By-product cash costs per gold equivalent ounce
', 'Adjusted Earnings or Loss and Adjusted Earnings or Loss per share' to supplement its financial statements, which are presented in accordance with International Financial Reporting Standards ('IFRS').
Sandstorm has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards ('IFRS') including average cash cost per attributable gold equivalent ounce
, average realized gold price per attributable ounce, cash operating margin, and cash flows from operating activities excluding changes in non-cash working capital.
Production cost of sales: $634 per gold equivalent ounce
, compared with $517 in Q3 2010.
All-in sustaining costs (AISC) per equivalent gold ounce, total cash costs per gold ounce and per gold equivalent ounce
, sustaining capital and growth capital, Adjusted net earnings/(loss), operating cash flows generated from operations, before changes in non-cash operating working capital and average realized price and are non-GAAP financial measures that do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies.