Home > Boards > US Listed > Mining/Resources > Fiore Gold (FIOGF)

1 Qtr results

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
ThSeeker Member Profile
Member Level 
Followed By 84
Posts 15,027
Boards Moderated 7
Alias Born 06/21/01
160x600 placeholder
ThSeeker Member Level  Friday, 02/28/20 11:32:41 PM
Re: None
Post # of 722 
1 Qtr results

Q1 2020 Operating, Financial and Organic Growth Highlights

(all figures in U.S. dollars unless otherwise indicated)

Quarterly gold production of 8,750 ounces, including 3,989 ounces in December 2019
Gold sales of 9,093 ounces
Mined ore production in Q1 above plan at approximately 15,290 tons per day with the stripping ratio at 1.8:1.0
Mining costs of $2.09 per ton mined reflects continued operational efficiencies
26,861 man-hours worked in Q1, achieving our goal of zero reportable incidents, zero reportable accidents, and zero lost-time injuries. As of December 31, 2019, the operation is at 1,322 consecutive days of attaining this Triple-Zero achievement
Q1 2020 Pan Mine AISC1 per ounce sold of $1,197 and cash costs per ounce sold1 of $1,025
Q1 2020 Fiore consolidated AISC1 of $1,330 per ounce sold
Recorded quarterly revenues of $13.1 million with mine operating income of $2.4 million
Generated Pan operating cash flow1 of $2.5 million and consolidated operating cash flow of $0.1 million
Pan resource expansion drill program expected to continue through calendar Q2 2020 with planned resource and mine plan update in the second half of 2020
Preliminary Economic Assessment (“PEA”) on the federally permitted Gold Rock project nearing completion, with expected release in calendar Q1 2020
Pan to Gold Rock access road construction commencing in March 2020


https://mailchi.mp/1e723b424a9e/fiore-gold-announces-first-quarter-2020-results?e=ccdb70957e

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist