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Alkane Resources releases Q1 2017 operation results

2017-04-20 13:33:22  【Print】
BEIJING (Asian Metal) 20 Apr 17 - Alkane Resources Ltd (“Alkane Resources” or the “Company”) released the first quarter of 2017 operation results.Asian Metal Copyright Full year guidance for FY2017 remains at production of 53,000 – 58,000 ounces with an AISC of A$1,600 – A$1,750 although production is expected to be at the higher end and AISC at the lower end of the guidance range due to higher pit grade reconciliation.Asian Metal Copyright In the quarter, gold production was above forecast at 18,721 ounces, a 59% increase from the previous quarter, reflected recovery from the weather affected previous two periods.

Site operating cash costs reduced by 33% from previous quarter at A$1,070/ounce with all in sustaining costs (AISC) of A$1,201/ounce.

Site operating cash flow after development costs for the quarter was $6.Asian Metal Copyright Full year guidance for FY2017 remains at production of 53,000 – 58,000 ounces with an AISC of A$1,600 – A$1,750 although production is expected to be at the higher end and AISC at the lower end of the guidance range due to higher pit grade reconciliation.Asian Metal Copyright5M but due to delayed payments from the December quarter in January, the net position was $2.Asian Metal Copyright The Company achieved gold sales of 16,303 ounces for A$27.Asian Metal Copyright0M.

The Company achieved gold sales of 16,303 ounces for A$27.6 million at an average price of A$1,694/ounce.

Full year guidance for FY2017 remains at production of 53,000 – 58,000 ounces with an AISC of A$1,600 – A$1,750 although production is expected to be at the higher end and AISC at the lower end of the guidance range due to higher pit grade reconciliation.

.Asian Metal Copyright .Asian Metal Copyright
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