2022 Outlook before Ukraine13 May 2022 17:13
2022 Outlook and Guidance
-- Total gold production for 2022 is expected to be in the range of 380-420koz, comprising own gold production of 345-365koz and 35-55koz of gold from 3rd-party concentrate, as the Company continues its transition to processing more own-mined refractory ore
-- The POX hub is expected to operate at/near full capacity throughout 2022 due to increased deliveries from Pioneer and Malomir, which will supply the majority of flotation concentrate to be processed. The plant will process roughly the same volume of 3rd-party concentrate as in 2021, at lower grades but with higher expected recovery rates, which could improve margins
-- Pioneer gold production is projected to increase as the new flotation plant processes refractory ore for the full year
-- Malomir production is expected to remain stable in 2022, with slightly lower grades offset by higher mining and processing volumes, supported by the launch of the flotation plant expansion in the latter part of the year
-- Albyn production is anticipated to be lower in the first half of 2022 as the processing plant works through stockpiles of lower-grade material from the Elginskoye deposit accumulated in 2021, but will stabilise in the second half of the year
-- The outlook for total production is expected to be similar in 2023, but with a higher proportion of gold from own-mined ore, and to improve in subsequent years