Strong Production and Cost Performance
Produced 35,578 ounces at a cash cost of $689 per ounce and AISC of $960 per ounce, maintaining first quartile cost performance despite challenging weather conditions.
Financial Highlights
Adjusted EBITDA was $69 million, and free cash flow was $36 million. Revenue was $98 million at an average realized gold price of $2,766 per ounce. Ended Q1 with $149 million in cash.
Oko West Development Progress
Secured interim environmental permits and commenced early works activities. Feasibility study confirmed Oko West’s Tier 1 potential with a 12-year mine life and average annual gold production of 350,000 ounces.
Safety Achievements
Reported zero lost time injuries in the quarter, underscoring the strength of the safety culture.
Resource and Reserve Growth
Published resource and reserve updates showed material increases with indicated resources totaling 9.4 million ounces, inferred resources at 1.2 million ounces, and global reserves at 6.7 million ounces, a 4.6 million ounce increase year-over-year.