![]() ![]() Cost of sales of $85,820, a decrease of 7% relative to the same period in 2022 (Q1/22: $92,005). ![]() On track to achieve 2023 production guidance.Ĭost of Sales, Cash Cost 1 and All-in Sustaining Cost ("AISC") 1.A 9% decrease in gold production compared to the same period in 2022 (Q1/22: 66,009 ounces of gold produced).We expect that brownfield and greenfield exploration of our properties will remain a source of future growth."įINANCIAL AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER 2023 The Porvenir Project would allow us to extend the life of mine at the Hemco Property for eight additional years, adding average annual production of approximately 56,700 ounces of gold. On the other hand, during the first quarter of 2023, we also received the positive pre-feasibility study results for the Porvenir Project in Nicaragua, a key project in our pipeline of organic growth projects. Īndrés Restrepo, President and CEO of Mineros, commented, "The first quarter of 2023 was challenging as we faced a nearly two-week long suspension of operations at the Nechí Alluvial Property, due to protests by groups of informal miners, which reflected as a 9% decrease in gold produced when compared to the same quarter of 2022. For further information, please see the Company's unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") filed under its profile on. (TSX: MSA) (CB: MINEROS) (" Mineros" or the " Company") today reported its financial and operational results for the three months ended March 31, 2023. (all amounts other than per share amounts expressed in thousands of U.S. ![]()
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