Leagold Mining Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; reports production results for the second quarter ended June 30, 2017; Provides Production Guidance or Second Half 2017
For the quarter, the company reported gold production of 43,980 ounces and tonnes of ore processed of $1,986,000. Gold ounces sold was 54,010 oz, average gold grade mined Underground was 6.33 g/t, average gold grade mined open pit was 0.57 g/t, tonnes of ore mined Underground was 1,956,000.
For the six months, the company reported gold revenue of $67,199,000. Free cash flow (before working capital, interest, and tax) was $10,310,000, net free cash flow from operations was $1,260,000 and Cash inflow for the period was $40,714,000.
For second half 2017, the company is providing Los Filos mine production guidance of 95,000 to 110,000 ounces at an AISC/oz of $875 to $925.