All-In Sustaining Cost (AISC)
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Unaudited interim results for the three and nine-month periods ended 30 September 2025
Globenewswire· 2025-11-28 06:30
Core Insights - Serabi Gold plc reported strong financial and operational performance for the nine months ending September 30, 2025, with significant increases in gold production and profitability compared to the same period in 2024 [6][8][11]. Financial Performance - Gold production increased by 19% year-on-year, totaling 32,634 ounces compared to 27,499 ounces in 2024 [5][10]. - EBITDA rose by 95% to $48.2 million from $24.7 million in the previous year [5][11]. - Cash inflow from operations reached $34.3 million, an 88% increase from $18.2 million in 2024 [5][10]. - Earnings per share (EPS) increased by 96% to 46.10 cents from 23.55 cents in 2024 [5][10]. - The All-In Sustaining Cost (AISC) averaged $1,816 per ounce, a slight increase of 1% from $1,790 per ounce in 2024 [5][10]. Cash and Balance Sheet - The company ended the quarter with a cash balance of $38.8 million, up from $22.2 million at the end of 2024 [7][10]. - Net cash at the end of Q3-2025 was $33.0 million, compared to $16.2 million at the end of 2024 [12][10]. - Total revenue for the nine-month period was $104.5 million, compared to $70.3 million in 2024 [14]. Operational Highlights - Exploration and resource development drilling continued, with approximately 27,937 meters completed year-to-date, supporting the goal of increasing resources to the 1.5-2.0 million ounces range [9][11]. - The ore sorter at Coringa has been operational for nine months, processing low-grade ore and contributing to higher-than-expected gold production [13]. Future Outlook - The company remains on track to meet full-year guidance and is well-positioned for continued growth into 2026, supported by strong cash generation and a solid balance sheet [11].
OceanaGold Reports Third Quarter 2025 Results
Prnewswire· 2025-11-05 22:00
Core Viewpoint - OceanaGold Corporation reported strong operational and financial results for Q3 2025, highlighting substantial Free Cash Flow generation and a positive outlook for Q4 2025, driven by ongoing investments and production improvements [3][4][5]. Financial Performance - The company generated Free Cash Flow of $94 million in Q3 2025, totaling $283 million year-to-date [6][33]. - Quarterly revenue reached a record $449 million, supported by an average realized gold price of $3,476 per ounce [6][9]. - Attributable net profit for Q3 2025 was $87 million, with earnings per share (EPS) of $0.38 and adjusted EPS of $0.40 [6][10]. Production and Costs - OceanaGold produced 103,500 ounces of gold and 3,100 tonnes of copper in Q3 2025 [6][9]. - The All-In Sustaining Cost (AISC) was reported at $2,333 per ounce year-to-date, with expectations for a decrease in Q4 2025 due to increased gold production [6][9][22]. - The company remains on track to meet full-year production, cost, and capital guidance [5][6]. Shareholder Returns - The Board approved a 75% increase in the share buyback program for 2025, raising the total to $175 million, with $100 million already repurchased as of November 5, 2025 [4][5]. - A quarterly dividend of $0.03 per share was declared, payable in December 2025 [7][8]. Project Developments - The permitting process for the Waihi North Project is progressing well, with expectations for approval by year-end [3][6]. - Ongoing exploration success at Haile indicates potential for low-risk organic growth within the existing asset portfolio [6][12].
OceanaGold Reports Record Quarterly Net Profit
Prnewswire· 2025-08-06 21:00
Core Insights - OceanaGold Corporation reported strong operational and financial results for Q2 2025, achieving record quarterly net profit and earnings per share, while maintaining a robust cash position and no debt [4][7][8]. Financial Performance - The company produced 119,500 ounces of gold and 3,700 tonnes of copper in Q2 2025, with a record average realized gold price of $3,293 per ounce [7][8]. - Record quarterly revenue reached $432 million, with a net profit of $118 million and adjusted earnings per share of $0.51 [8][11]. - Free Cash Flow for Q2 2025 was $120 million, contributing to a year-to-date total of $189 million, resulting in a trailing 12-month Free Cash Flow yield of 18% [7][8][40]. Cost Management - The All-In Sustaining Cost (AISC) for Q2 2025 was $2,027 per ounce, with year-to-date AISC at $1,915, indicating effective cost management within the guidance range [8][30]. - Consolidated cash costs were reported at $1,210 per ounce for Q2 2025, reflecting a decrease from the previous year [30]. Shareholder Returns - The company repurchased 3.9 million common shares for $40.6 million in the first half of 2025, with a total buyback program of up to $100 million approved [6][8]. - A quarterly dividend of $0.03 per share was declared, payable in September 2025, reinforcing the commitment to return value to shareholders [9][10]. Operational Outlook - The company is on track to meet full-year production, cost, and capital guidance, with ongoing waste stripping at key sites to access higher-grade ore [5][8]. - The permitting process for the Waihi North Project is progressing, with expectations for approval by year-end [5]. Management Changes - Mr. Keenan Jennings has been appointed as Chief Exploration Officer, effective September 29, 2025, succeeding Craig Feebrey, who is retiring [12]. - Bhuvanesh Malhotra will take over as Chief Operating Officer for all operations starting September 26, 2025 [13].
SSR Mining Projects 10% Increase in GEO Production for 2025
ZACKS· 2025-04-01 18:11
Core Viewpoint - SSR Mining Inc. anticipates a more than 10% year-over-year increase in gold equivalent ounces (GEO) production, excluding contributions from the Çöpler mine, which is currently on care and maintenance [1] Production Outlook - The company expects GEO production to range between 410,000 to 480,000 ounces in 2025, with 55% of this production occurring in the second half of the year due to operational timing at CC&V and the grade profile at Marigold [2] - The Marigold mine is projected to produce 160,000 to 190,000 ounces of gold, while the Seabee mine is expected to produce 70,000 to 80,000 ounces [4] - Following the acquisition of the CC&V mine, expected gold production from this mine for 2025 is estimated to be between 90,000 to 110,000 ounces [5] Cost Expectations - SSR Mining's consolidated cost of sales for 2025 is anticipated to range between $1,375 and $1,435 per payable ounce, with All-In Sustaining Cost (AISC) expected to be between $2,090 and $2,150 [3] - Excluding care and maintenance costs at Çöpler, the AISC is projected to be between $1,890 and $1,950 per payable ounce, with costs expected to peak during the first and third quarters [3] - The cost of sales for the Marigold mine is expected to be between $1,530 and $1,570 per ounce, while the Seabee mine's cost of sales is anticipated to be between $1,230 and $1,270 per ounce [4] Financial Performance - SSR Mining's shares have surged 113.4% over the past year, contrasting with an 8.6% decline in the industry [6]