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Main Forum•Beadell 24,568 ounces sold – All in Cash costs US$953 June Qtr
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Quarterly Report to 30 June 2016
Highlights Operations
- Gold Production – Gold production for the June quarter was 24,568 ounces and gold sold was 26,487 ounces.
- Costs – Cash costs for the June quarter were US$953 per ounce. All-in Sustaining Costs (“AISC”)* for the June quarter were US$1,245 per ounce.
- 2016 Mine Plan – The June quarter saw total material moved up 38% from the June 2015 quarter and in excess of the 2016 Mine Plan, resulting in higher costs. However, this allowed the strip ratio for the first half of 2016 to track back to plan with the cutbacks at AB1, AB2 and Duckhead. As previously highlighted, substantially higher gold production is forecast for the second half of the year and the Company remains on track to achieve its production guidance of 145,000 to 160,000 ounces for CY2016.
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