Ten Sixty Four Faces Challenges Yet Holds Firm

Ten Sixty Four Limited (AU:X64) has released an update.

Ten Sixty Four Limited reported a decrease in gold production to 19,124 ounces at a higher All-In-Sustaining-Cost of US$1,604/oz for Q1 2023, compared to the previous quarter, due to unscheduled maintenance. Despite operational challenges, including a shareholder dispute that restricted access to their Co-O Mine, the company maintained a solid cash balance of US$11.6 million. Exploration activities continue with significant high-grade gold discoveries, although drilling operations in Queensland are currently suspended due to corporate constraints.

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