Strong Safety Record
Achieved 7.2 million work hours without any lost time injury, improving from 6.7 million work hours in the prior record. Total recordable injury frequency rate improved to 0.87 from 0.98 in Q1.
Financial Performance and Liquidity
Liquidity at $537 million, up $76 million from the previous quarter, with net cash of $215 million, up from $137 million in Q1. Free cash flow from operations was $57.5 million.
Gold Price and EBITDA Margin
Average realized gold price was $3,306 per ounce, up 14% from Q1. EBITDA margin grew to a record 55%, up from 50% in Q1.
Operational Performance in West Africa
Seguela produced 38,186 ounces of gold, consistent with the prior quarter. Cash cost of $670 per ounce and all-in sustaining cost (AISC) of $1,634 per ounce.
Exploration Success at Diamba Sud
Indicated resource grew by 53% and inferred resources by 93% for a combined 1 million ounces, with ongoing drilling to expand and upgrade the resource.