Robex Resources Inc. (TSX-V: RBX) (FWB: RB4) is pleased to publish their financial results for the quarter ended September 30, 2019.
All amounts are in Canadian dollars.
Highlights for the third quarter of 2019
Mining Operation: Nampala, Mali
ended September 30,
ended September 30,
|Ore mined (tonnes)||477,676||365,759||1,378,787||1,306,075|
|Ore processed (tonnes)||512,377||432,538||1,370,536||1,313,988|
|Waste mined (tonnes)||645,784||474,115||2,309,402||2,341,676|
|Operational stripping ratio||1.4||1.3||1.7||1.8|
|Head grade (g/t)||1.05||0.97||1.01||0.95|
|Gold ounces produced||15,175||12,772||38,324||34,281|
|Gold ounces sold||13,276||12,733||35,971||36,202|
|(rounded to the nearest thousand dollars)|
|Revenues – Gold sales||25,478,000||19,820,000||64,789,000||59,769,000|
|Mining operation expenses||7,489,000||6,984,000||22,027,000||20,577,000|
|Depreciation of property, plant and equipment and amortization of intangible assets||7,189,000||3,175,000||22,690,000||8,999,000|
|Segment operating income||8,835,000||7,478,000||13,556,000||23,985,000|
|(in Canadian dollars)|
|Average realized selling price (per ounce)||1,919||1,557||1,801||1,651|
|Cash operating cost (per tonne processed)3||16||16||17||15|
|Total cash cost (per ounce sold)3||615||602||665||623|
|All-in sustaining cost (per ounce sold)3||893||843||988||937|
|Administrative expenses (per ounce sold)||97||118||129||117|
|Depreciation of property, plant and equipment (per ounce sold)||542||249||631||249|
ROBEX’S MD&A and the consolidated financial statements are available on the Company’s website in the Investors section at: Robexgold.com. These reports and other documents produced by the Company are also available at Sedar.com.
A word from the President Mr. Georges Cohen:
“Beyond the improved results due to the price of gold, it is interesting to note that all production parameters (tonnage, grade, recovery, availability, production cost per ounce of gold, etc.) have all improved significantly, thus contributing in a sustainable and structural way to the company’s performance. These results were obtained through efforts focused on the mine’s process and organization. I congratulate the teams who contributed to this fundamental work.
“Mindful of the recent dramatic events that have struck some mines in West Africa, we have further strengthened our procedures and means of protecting property and people.”
1 Cash flows from operating activities exclude net change in non-cash working capital items.
2 Cash flows from operating activities per share are non-IFRS financial measures for which there is no standardized definition under IFRS. See the “Non-IFRS Financial Performance Measures” section of the MD&A, on page 40.
3 Cash operating cost, total cash cost and all-in sustaining cost are non-IFRS financial performance measures with no standard definition under IFRS. See the “Non-IFRS Financial Performance Measures” section of the MD&A, on page 40.
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