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ALPHAMIN PROVIDES Q2 2025 OPERATIONAL UPDATE/ FILES AMENDED CONSTITUTION
Globenewswire· 2025-07-03 13:08
GRAND BAIE, MAURITIUS, July 03, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide an operational update as follows: Q2 2025 contained tin production of 4,106 tonnes following a phased operational restart on 15 April 2025 (Q1 2025: 4,270 tonnes)Contained tin sales of 4,587 tonnes for the quarter, up 19% from the prior periodQ2 2025 EBITDA2,3 guidance of US$75m (Q1 2025 actual: US$62m)Strong cash flow generation with Net Cash increas ...
Silver AISC at Multi-Year Low for PAAS: Can It Sustain These Levels?
ZACKS· 2025-06-26 13:45
Key Takeaways PAAS' Q1 silver AISC was $13.94, a 16% drop year over year and well below its $21.00-$22.25 guidance. Cost gains came from La Colorada's ventilation upgrades and Cerro Moro's gold by-product credits. Planned MAG Silver deal may cut AISC further with Juanicipio's $6.00-$8.00 projected cost range.Pan American Silver Corp. (PAAS) impressed with notable declines in costs for its silver segment in the first quarter of 2025. The segment’s All-in Sustaining Costs (AISC) per silver ounce came in at ...
Aris Mining's Rising AISC a Drag: Time to Tighten Cost Discipline?
ZACKS· 2025-06-20 13:10
Key Takeaways Aris Mining's Q1 consolidated AISC rose 6% YoY to $1,667/oz, reflecting weaker cost efficiency. Higher CMP mill feed costs, royalties and processing expenses drove ARMN's cost increase. ARMN shares surged 95.7% year to date and trade at a 67.1% discount to its industry average.Aris Mining Corporation (ARMN) reported an increase in its first-quarter all-in-sustaining costs (AISC) per ounce, a key indicator of cost efficiency in mining. The Segovia Operations in Colombia, a cornerstone of Aris ...
EQX's AISC Spike Signals Pressure, But H2 Offers Path to Cost Relief
ZACKS· 2025-06-11 12:56
Key Takeaways AISC of Equinox Gold rose 6% in Q1 despite a 76% revenue surge driven by higher gold prices. Higher costs in Brazil and unplanned winter maintenance at Greenstone led to the spike in costs. Los Filos suspension adds $35M in Q2 charges, though EQX sees lower costs as output may ramp in H2 2025.Equinox Gold Corp.’s (EQX) first-quarter results reveal a sharp increase in a critical metric — all-in-sustaining costs (AISC) — a key indicator of cost efficiency in mining. AISC climbed to $2,065 per ...
Barrick Mining's Surging AISC a Drag: Time to Reassess the Cost Curve?
ZACKS· 2025-06-10 12:46
Core Insights - Barrick Mining Corporation is facing challenges due to rising unit costs, with cash costs per ounce of gold increasing approximately 16% and all-in-sustaining costs (AISC) rising around 20% year over year in the first quarter [1][6] - The company projects total cash costs per ounce for 2025 to be between $1,050 and $1,130, and AISC to range from $1,460 to $1,560, indicating a year-over-year increase at the midpoint of these ranges [2][6] - Barrick's stock has increased by 31% year to date, although this is below the Zacks Mining – Gold industry's rise of 49% [5] Cost Analysis - The increase in AISC is attributed to higher total cash costs per ounce and increased minesite sustaining capital expenditures, along with lower production due to the suspension of operations at the Loulo-Gounkoto mine [1][2] - Newmont Corporation, a major peer, also reported a 15% year-over-year increase in AISC, projecting gold AISC for 2025 to be $1,630 per ounce, up from $1,516 in 2024 [3] - Agnico Eagle Mines Limited reported a modest increase in total cash costs per ounce to $903, with AISC declining 0.6% in the first quarter but expected to rise in the remainder of 2025 [4] Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings implies a year-over-year increase of 34.1% for 2025 and 26.6% for 2026, with EPS estimates trending higher over the past 60 days [8] - Current EPS estimates for Barrick are $1.69 for 2025 and $2.14 for 2026, reflecting stability in earnings expectations [9] Valuation Metrics - Barrick is currently trading at a forward 12-month earnings multiple of 10.75, which is approximately 20% lower than the industry average of 13.49 [10] - The company holds a Value Score of A, indicating favorable valuation metrics [10]
GAU Q1 Earnings Lag Estimates, Revenues Up Y/Y on Higher Gold Prices
ZACKS· 2025-05-15 12:35
Core Viewpoint - Galiano Gold reported disappointing adjusted earnings per share (EPS) for Q1 2025, missing estimates due to higher production costs, despite a significant increase in revenues driven by gold price rises and sales volume growth [1][4]. Financial Performance - Adjusted EPS for Q1 2025 was one cent, missing the Zacks Consensus Estimate of two cents, and down 67% from three cents in the same quarter last year [1]. - The company posted a loss of 10 cents per share when excluding non-recurring items, compared to a loss of one cent in the prior year [1]. - Revenues surged to approximately $77 million, marking a 142% increase year-over-year, attributed to a 33% rise in gold prices and an 81% increase in sales volume [3][4]. - Galiano Gold sold 26,994 ounces of gold at an average realized price of $2,833 per ounce during the quarter [3]. Production and Costs - The Asanko Gold Mine (AGM) produced 20,734 ounces of gold in Q1 2025, a 32% decrease from the previous year, primarily due to a 14-day shutdown for repairs [2][3]. - The shutdown resulted in an estimated production loss of 4,500-5,000 ounces [3]. - All-in sustaining costs (AISC) were reported at $2,501 per ounce, a 39.5% increase from the prior year [4]. Operational Metrics - Income from mine operations reached $15.4 million, a 148% increase from $6.2 million in the year-ago quarter [5]. - Adjusted EBITDA was $19 million, up from $5.1 million in the previous year, with an adjusted EBITDA margin of 24.8% [5]. - Cash and cash equivalents at the end of Q1 2025 were $106.4 million, with cash generated from operating activities amounting to $25.9 million, compared to $13 million in the prior year [6]. Future Guidance - Galiano Gold anticipates gold output for 2025 to be near the lower end of the previously stated range of 130,000-150,000 ounces due to the production shortfall in Q1 [7]. - AISC is expected to trend toward the upper end of the $1,750–$1,950 per ounce range, influenced by reduced production and increased royalty expenses [8]. Regulatory Changes - The government of Ghana increased the Growth and Sustainability Levy on gold mining companies from 1% to 3%, effective April 1, 2025, which is expected to add approximately $55 per ounce to AISC [9].
有色金属海外季报:Gold Field 2025Q1权益黄金产量同比增长18.75%至17.14吨,AISC同比减少6.50%至1625美元/盎司
HUAXI Securities· 2025-05-07 14:42
[Table_Date] 2025 年 5 月 7 日 [Table_Title] Gold Field 2025Q1 权益黄金产量同比增长 18.75% 至 17.14 吨,AISC 同比减少 6.50%至 1625 美元/盎 司 [Table_Title2] 有色金属-海外季报 [Table_Summary] 季报重点内容: ► 生产经营情况 2025Q1 公司黄金产量 55.10 万盎司(17.14 吨),同比增长 18.75%,环比减少 14.44%。 2025Q1 AISC 为 1,625 美元/盎司(381.39 元/克),同比减少 6.50%,环比增长 15.25%。环比增长主要是因为黄金产量低于 2024Q4。 证券研究报告|行业研究报告 2025Q1 AIC 为 1,861 美元/盎司(436.78 元/克),同比减少 12.01%,环比增长 18.16%。 2025Q1 黄金价格为 2,900 美元/盎司(680.63 元/克),同比增 长 39.49%,环比增长 9.10%。 ►关键项目更新 1)Salares Norte 最新动态 2025Q1,Salares Norte 金矿的产量提 ...
Aura Announces Q1 2025 Financial and Operational Results
Globenewswire· 2025-05-05 23:34
Core Viewpoint - Aura Minerals Inc. has reported its Q1 2025 financial and operational results, highlighting a strong start to the year with expectations for improved performance in upcoming quarters, particularly with the Borborema project entering commercial production in Q3 2025 [2][4]. Financial Performance - Total production in Q1 2025 was 60,087 gold equivalent ounces (GEO), a decrease of 10% from Q4 2024 and 12% from Q1 2024 [2][4]. - Net revenue for Q1 2025 reached $161.8 million, a 23% increase compared to Q1 2024 but a 6% decrease from Q4 2024 [2][6]. - Adjusted EBITDA for Q1 2025 was $81.5 million, marking a 53% increase year-over-year and setting a record high for the company [2][6]. Production Details - The Borborema project has commenced operations and is expected to produce between 33,000 and 40,000 ounces in 2025, with commercial production anticipated by Q3 2025 [4][5]. - Aranzazu produced 20,456 GEO in Q1 2025, a 10% decrease from Q4 2024, primarily due to reduced ore milled and increased maintenance downtime [4][6]. - Minosa's production totaled 17,654 GEO, reflecting a 9% decrease from the previous quarter, attributed to lower ore grades [6]. Cost Metrics - Cash cost per GEO sold was $1,149, a 5% increase from Q4 2024, while All In Sustaining Cost (AISC) was $1,461, up 6% from the previous quarter [2][6]. - The net debt at the end of Q1 2025 was $271.9 million, with a net debt-to-last-12-months EBITDA ratio of 0.92x [2][6]. Market Conditions - The average realized gold sales price in Q1 2025 was $2,786 per ounce, an 8% increase from Q4 2024 and 39% higher than Q1 2024 [6]. - Average copper sales prices rose to $4.26 per pound, reflecting a 3% increase from Q4 2024 and 11% higher than the same period in 2024 [6]. Strategic Outlook - The company is focused on developing efficient operations and has set a benchmark for ESG performance with the Borborema project, which incorporates renewable energy and local water resources [5][6]. - Management anticipates a supportive economic environment for commodity prices in the short to medium term, despite potential volatility [7].
Eldorado Gold Reports Solid First Quarter 2025 Financial and Operational Results; Skouries Progressing to Plan
Globenewswire· 2025-05-01 21:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, "Eldorado Gold" or “the Company”) today reports the Company’s financial and operational results for the first quarter of 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis ("MD&A") filed on SEDAR+ at www.sedarplus.com under the Company’s profile. First Quarter 2025 Hig ...