- Wesdome Gold Mines press release (OTCQX:WDOFF): Q2 Non-GAAP EPS of C$0.19.
- Revenue of C$127.8M (+51.2% Y/Y).
- Consolidated gold production was 44,035 ounces at cash costs per ounce of $1,286 (US$940) and all-in sustaining costs per ounce of $1,977 (US$1,445).
- Operating cash flow was C$57.1 million, or C$0.38 per share, C$43.1 million higher than the corresponding period in 2023 mainly due to the higher cash margin.
- Free cash flow of C$28.4 million was C$33.7 million higher than the corresponding period in 2023 mainly due to higher operating cash flow partially offset by an increase in capital expenditures.
- Available liquidity of C$200.7 million includes C$50.7 million in cash and C$150.0 million of undrawn capacity available under the company’s revolving credit facility.
- “Based on strong performance from our operations through the first half of 2024, we are confident we will deliver on our full-year production and cost guidance.”
- Kiena’s 2024 guidance is for 80,000 to 90,000 ounces with production expected to be backend-weighted in the second half of the year, at cash costs per ounce of C$875 to C$975 and AISC per ounce of C$1,475 to C$1,625 (US$1,100 to US$1,225).
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