RE: Looking for an independent review of #THX ? Vote below30 Aug 2022 09:33
Financial Highlights of the Period and H1 2022
· Net profit for the period US$6.163m
· Gold sales in the Q2 2022 generating revenues of US$41,354,747 (H1 2022: US$66,220,229)
· As at June 30, 2022, the Company had cash of US$5,055,930
· Sales of 22,172 oz (H1 2022: 38,830 oz) at a cash operating cost of US$922 per oz (H1 2022: US$788 per oz) sold and an all-in sustaining cost ("AISC") of US$956 per oz sold (H1 2022: US$852 per oz)
· As at June 30, 2022, the Company had Net debt of US$37,306,971 (Q1 2022: US$50,463,920)
· In the Period, the Company repaid US$14,461,938 million, principal and interest, of its Senior Secured Debt Facility with Africa Finance Corporation ("AFC")
· Instalment payments on the AFC Senior Secured Debt Facility of US$9,740,959 are due by December 31, 2022. These will be paid from cashflows during the year
Outlook
· Further revision of 2022 production guidance to 90,000 to 100,000 oz of gold (previously 85,000 to 100,000 oz of gold) at an AISC of US$850-950 per oz