Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating gold and silver revenue of $7.4 million, and year-to-date has sold 8,856 ounces to generate revenue of $14.9 million. As at June 30, 2018, the Company also had over 750 ounces of gold doré and bullion inventory, which were sold in early July. The Company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs1 of $1,100 per ounce, and has now transitioned to ore production at the Stog'er Tight Mine. At a budgeted gold price of $1,550, Anaconda expects to generate approximately $28.0 million of revenue based on production guidance, noting however that the average realized gold price1 for the first half of 2018 was $1,686 per ounce.
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Bigger Has Been Less Bad
Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating gold and silver revenue of $7.4 million, and year-to-date has sold 8,856 ounces to generate revenue of $14.9 million. As at June 30, 2018, the Company also had over 750 ounces of gold doré and bullion inventory, which were sold in early July. The Company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs1 of $1,100 per ounce, and has now transitioned to ore production at the Stog'er Tight Mine. At a budgeted gold price of $1,550, Anaconda expects to generate approximately $28.0 million of revenue based on production guidance, noting however that the average realized gold price1 for the first half of 2018 was $1,686 per ounce.
www.anacondamining.com/2018-07-11-Anaconda-Mining-Sells-4-330-Ounces-of-Gold-in-Q2-2018-Achieves-Record-Quarterly-Throughput