• Attributable gold production of 185,000 ounces at cost of sales1 per ounce of $962, total cash costs2 per ounce produced of $884 and all-in sustaining costs2 per ounce sold of $1,086. Attributable gold sales of 190,000 ounces at an average realized gold price per ounce of $1,308. • Revenues of $251.0 million. • Net loss attributable to equity holders of $41.3 million, or $0.09 per share. • Adjusted net loss attributable to equity holders2 of $2.2 million, or $nil per share2. • Net cash from operating activities of $8.8 million. • Net cash from operating activities before changes in working capital2 of $33.8 million. • Cash, cash equivalents, short-term investments, and restricted cash totaled $696.6 million at March 31, 2019. Cash and cash equivalents were $589.2 million, short term investments, primarily in money market funds, were $83.8 million and restricted cash was $23.6 million.
Upcoming: • Development of Saramacca continues on schedule, with production expected to begin in the second half of 2019. • At Rosebel, a scoping study is underway to evaluate the underground mining potential of Saramacca, which could result in higher grades and significantly lower waste volumes, thereby reducing costs. • We continue to advance exploration activities along the Saramacca-Brokolonko trend in Suriname to confirm the presence of mineralization and evaluate the resource potential. • The Carbon-in-Leach and Heap Leach feasibility study at Essakane is progressing well and is expected to be completed in the second quarter 2019. • Discussions with the Government of Senegal on obtaining a mining concession for the Boto Gold Project are well advanced, with approval expected in the second half of 2019. • We are studying various design approaches to Westwood with a preliminary life of mine plan expected in the fourth quarter 2019, followed by a NI 43-101 compliant plan in the first half 2020. • A delineation diamond drilling program to support an initial mineral resource estimate for the Nelligan Project in Quebec commenced during the first quarter 2019. |