Leagold Mining Corporation reported earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net loss of $7,623,000. Adjusted earnings were $6.4 million, or adjusted basic net earnings were $0.06 per share.
For the quarter, the company reported gold production of 43,980 ounces and tonnes of ore processed of $1,986,000. Gold ounces sold was 54,010 oz, average gold grade mined – Underground was 6.33 g/t, average gold grade mined – open pit was 0.57 g/t, tonnes of ore mined – Underground was 1,956,000.
For the six months, the company reported gold revenue of $67,199,000. Free cash flow (before working capital, interest, and tax) was $10,310,000, net free cash flow from operations was $1,260,000 and Cash inflow for the period was $40,714,000.
For second half 2017, the company is providing Los Filos mine production guidance of 95,000 to 110,000 ounces at an AISC/oz of $875 to $925.
