Record Safety Milestone
Achieved 318 days or 9.7 million work hours without a lost time injury. Total recordable injury frequency rate improved to 0.86, down from 1.6 a year ago.
Strong Financial Performance
Attributable net income reached $123.6 million or $0.40 per share, driven by a $69 million impairment reversal at the Lindero mine. Adjusted net income was $0.17 per share.
High Gold Prices and Strong Cash Flow
Realized average gold price of $3,467 per ounce, up 5% from the second quarter and up 20% from the first quarter. Strong free cash flow from operations was $73 million, with net cash from operating activities at $114 million.
Expansion and Exploration Success
Progress made in expanding the life of mine and boosting annual gold output in Côte d'Ivoire. Predevelopment stage Diamba Sud project in Senegal shows strong economics with an after-tax internal rate of return of 72%.
Solid Liquidity Position
Liquidity position at the end of the quarter stands at $588 million, with a growing net cash position of $266 million.