CYL 0.00% $2.94 catalyst metals limited

Ann: Quarterly Activities Report, page-44

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  1. 1,262 Posts.
    lightbulb Created with Sketch. 366
    I have no clue where you're getting your information from. Ever hear of "due diligence"?

    https://ceo.ca/@newswire/superior-gold-announces-strong-fourth-quarter-and-full-year

    Fourth Quarter Highlights

    • Production of 20,983 ounces, a 32% increase over the comparative quarter of 2020
    • Sold 21,143 ounces of gold at a realized gold price of $1,786 per ounce, resulting in an AISC margin2 of $370 per ounce
    • Reduced all-in sustaining costs1 ("AISC") by $269 per ounce or 16% to $1,416 per ounce, reduced total cash costs1 by $276 per ounce or 18% to $1,290 per ounce, in comparison to the fourth quarter of 2020, despite a significant increase of $22/oz in sustaining exploration and capital1
    • Cash flow from operations, after working capital changes, of $8.5 million, an increase of $15.2 million from the fourth quarter of 2020, exiting the quarter with a strong financial position of $23.8 million in cash and cash equivalents and a working capital1 position of $10.4 million
    • The Company is now an unhedged producer following the delivery of the remaining ounces under call options related to the repaid Auramet gold loan
    • Net income for the period was $0.03 per share and Adjusted net income1 was $0.03 per share
    • Gold recovery rates increased to 87% in Q4 2021 from 84% in Q4 2020
    • Appointment of Vice President, Investor Relations

    Full-Year Highlights

    • Exceeded top end of 2021 production guidance with 77,321 ounces produced, a 23% increase over the prior year, and came in below the bottom end of 2021 AISC1 guidance
    • Sold 77,061 ounces of gold at a realized gold price1 of $1,784 per ounce, generating revenue of $137.7 million
    • Reduced AISC1 by $92 per ounce or 6% to $1,472 per ounce, reduced total cash costs1 by $81 per ounce or 6% to $1,355 per ounce over the same period in 2020, despite the strengthening of the Australian dollar in the first half of 2021
    • Cash flow from operations, after working capital changes, excluding the gold loan repayment of $4.4 million to Auramet was $26.0 million, which is a record for the Company
    • Net income for the year of $0.08 per share and Adjusted net income1 of $0.07 per share vs. net loss for the year of ($0.05) per share and Adjusted net income 1of ($0.04) per share in 2020
    • Gold recovery rates increased to 87% in 2021 from 83% in 2020
    • Fully repaid the gold loan with Auramet and settled all remaining gold call options to end the year as an unhedged gold producer
    • Began mining of the Plutonic East and Perch open pits and announced an early entry into the main pit deeps in 2022
    • Continued exploration success along the Western Mining Front and the Indian Access Mining Front



 
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