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Alkane Resources: Record Quarterly Production & Operational Cash Build
['Mr. Nic Earner Reports']
Junior Mining News
for revenue of $256 million at an average gold price of $5,785/oz and an average antimony price of $41,510/t.
Björkdal´s average realised gold price at $6,930/oz is a simple average for the quarter of revenue divided by ounces sold for the quarter.
The gold price increased notably during the quarter leading to the recognition of $9 million additional revenue without recognising additional ounces, therefore increasing the realised gold price per ounce.
Alkane´s operations generated $133 million of mine operating cashflows with the achieved gold price $3,046/AuEq oz over AISC.
Such factors include, without limitation: risks relating to changes in the gold and antimony price.