9 April 2018 ASX Announcement RECORD QUARTER OF GOLD PRODUCTION...

9 April 2018 ASX Announcement
RECORD QUARTER OF GOLD PRODUCTION FOR BLACKHAM
Highlights
 Operations continued to generate strong cash flows in March
 New record monthly gold production in Mar’18 of 7,419oz (Feb’18: 6,713oz), an 11% increase on
last month
o 165kt milled for the month (Feb’18: 150kt)
o Mill feed grade improved to 1.6g/t (Feb’18: 1.5g/t)
 New record quarterly gold production of 20,631oz (Dec’17 Qtr: 14,922oz), a 38% increase on last quarter
o 477kt milled for the quarter (Dec’17 Qtr: 443kt)
o Mill feed grade improved to 1.5g/t (Dec’17 Qtr: 1.1g/t)
 All in sustaining costs (“AISC”) reduced to A$1,092/oz for quarter (Dec’17 Qtr: A$1,882/oz),
representing a 42% decrease on last quarter
 Average realised gold price of A$1,669/oz for the quarter
 Current gold forward sales contracts – 27,400oz @ A$1,724/oz over the next 9 months
 Cash and bullion of $29.2 million and secured debt of $40.0 million at 31 Mar’18
 Production guidance reconfirmed at 40-45koz @ A$1,100-1,200/oz AISC for this half