the kiniero mine production cash costs

In the first quarter of 2013, 122,600 tonnes were processed at the plant at an average head grade of 1.24 g/t Au. Production totalled 4,800 ounces of gold at a total cash cost per ounce sold of $907.


The processing plant resumed operation in April 2012, while mining operations gradually and partially resumed in the third quarter of 2012.

In the first quarter of 2013, 122,600 tonnes were processed at the plant at an average head grade of 1.24 g/t Au. Production totalled 4,800 ounces of gold at a total cash cost per ounce sold of $907.

Cash flow used for investments of $348,000 in property, plant and equipment in the first quarter of 2013 included: exploration expenditures of $50,000 as well as sustainable capital expenditures of $298,000. In the first three months of 2012, liquidities of $2,958,000 were invested in exploration expenditures.

Kiniero is a non-core asset and we continue to review the strategic alternatives for this property. In the meantime, the project is under ongoing review in order to remain cash flow positive.

http://www.semafo.com/operations-guinea.php

Surely Mansounia cash costs must be similar?

Raider