[posting]61053496[/posting]30.7.
Highlights
Operational
... Commercial production at the Çöpler sulfide plant was declared as of May 31, 2019.
The Company produced 188,853 ounces of gold through June 30, 2019 with 95,234 ounces produced from the oxide plant and 93,619 ounces produced from the sulfide plant.
Sulfide ore stockpiles at June 30, 2019 represented approximately 742,000 contained gold ounces.
The oxide plant production guidance range increased to 125,000 - 145,000 from 90,000 - 110,000 ounces due to in-pit exploration success, higher recoveries, and positive reconciliation.
Mine site oxide All-in Sustaining Costs per ounce were $583, mine site sulfide All-in Sustaining Costs per ounce were $574 and Consolidated All-in Sustaining Costs per ounce were $692 through June 30, 2019.
Growth
The Company announced the sale of its 50% equity interest in the Gediktepe Project and as consideration received an uncapped net smelter return ("NSR") of 2%-10% and contingent cash.
The Company's focus is to extend the Çöpler oxide production in the near term by fast tracking the development of a number of targets.
The Company is currently drilling in the Çöpler District with nine exploration diamond drills active, including four drills at Ardich.
Drilling in the Çöpler Saddle has identified some mineralized areas and drilling and analysis continues.
Çakmaktepe had an approximate 40% positive gold reconciliation to the mine plan. Given this, some infill diamond drilling is being undertaken to help inform a review of the geological model.
Engineering to support the phase one extension of the Çöpler heap leach pad (~6 million tonnes) will be complete in Q3 2019.
Financial
The Company ended the second quarter with consolidated cash of $125 million which did not include proceeds of $20 million from bullion sales made on June 28, 2019 which were received on July 1.
Debt at the end of the quarter was reduced to $315 million resulting in net debt of $190 million - a decrease of $54 million from the start of the year.
The Company sold 192,260 ounces of gold through June 30, 2019 resulting in gold sales proceeds of $252 million .
Cash flow from operating activities through June 30, 2019 totaled $59.8 million, excluding the pre-commercial sulfide plant production.
Attributable earnings for Q2 2019 were $4.8 million or $0.02 per share and normalized attributable earnings for Q2 2019 were $23.3 million or $0.08 per share. Attributable earnings through June 30, 2019 were $8.2 million or $0.03 per share and normalized attributable earnings through June 30, 2019 were $41.5 million or $0.14 per share.
--> ganz starke Zahlen mMn; Sulfid, als auch Oxid
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[CAD]