Strong Financial Performance
The company generated $0.09 per share of adjusted earnings, with basic earnings per share at $0.04, highlighting the cash generation potential of operating assets. Operating cash flow before working capital adjustments was $244 million.
Positive Developments at Goose Project
Construction at Goose is tracking to plan with significant progress. The project is set to transition into operations, with first gold expected in Q2 and ramp-up to commercial production in Q3.
Fekola Regional Permit Progress
The council ministers approved a decree for a consolidated land package, allowing the submission of an exploitation permit application with a potential turnaround time of 30 to 60 days.
Strong Start in Mali
Mali had a strong quarter, exceeding gold production expectations with lower all-in-sustaining costs and an increase in mill feed grade over the year.
Improved Operations at Masbate and Otjikoto
Masbate operations continue to perform well, nearing 2,300 days without an LTI, while Otjikoto is advancing the Antelope deposit towards a development decision in Q3.