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(All financial figures in US Dollars unless otherwise stated)
"Collectively, these projects are forecasted to produce 1.1 million ounces of gold over an eight-year mine life. Open pit and underground operations are expected to produce on average 150,000 to 170,000 ounces of gold per year at All-in Sustaining Costs of around
"Development of the Golden Point Underground and expansion of the existing open pit at Macraes are among several organic growth projects in
"The consents facilitate the development of Golden Point Underground, Deepdell North Stage III, and the expansion of the Frasers West pit beginning this quarter. Services and earthworks around the GPUG portal are underway, and the first cut of the portal is expected before year-end. The Company expects first production from GPUG in the fourth quarter of next year, which will supplement and eventually replace existing underground production at Frasers when mining there is completed. Pre-stripping of the Deepdell open pit and expansion of the Fraser open pit is also underway."
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Cautionary Statement for Public Release
Certain information contained in this public release may be deemed "forward-looking" within the meaning of applicable securities laws. Forward-looking statements and information relate to future performance and reflect the Company's expectations regarding the generation of free cash flow, achievement of guidance, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of
This press release also contains references to estimates of Mineral Resources and Mineral Reserves. The estimation of Mineral Resources and Mineral Reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource or Mineral Reserve estimates may have to be re-estimated based on: (i) fluctuations in gold price; (ii) results of drilling, (iii) the results of metallurgical testing and other studies, including their subsequent refinement and updating; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates; (vi) changes in mining or other costs, and (vii) the possible failure to receive required permits, approvals and licenses or changes to existing mining licences.
As well, any economic results of studies included in this press release constitute forward-looking information or statements, including updated life of mine extensions to 2028 and AISC of approximately
There are no assurances the Company can fulfil forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to management as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control. Although the Company believes that any forward-looking statements and information contained in this press release is based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information, whether as a result of new information, events or otherwise, except as required by applicable securities laws. The information contained in this release is not investment or financial product advice.
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