Golden Queen Mining announced its financial results for the quarter ended September 30, 2018 at its 50 percent-owned Soledad Mountain gold-silver mine located south of Mojave, California.

Golden Queen Mining Co. Ltd. (TSX:GQM, OTCQX:GQMNF) announced its financial results for the quarter ended September 30, 2018 at its 50 percent-owned Soledad Mountain gold-silver mine located south of Mojave, California.

Highlights are as follows:

Gold production of 12,943 ounces
Silver production of 121,843 ounces
Average gold and silver grade placed this quarter was 0.025 ounces per ton gold and 0.399 ounces per ton silver
THIRD QUARTER FINANCIAL HIGHLIGHTS
Attributable net loss for the third quarter totaled US$2.4 million, or US$(0.01) loss per share, on a basic and diluted basis
Revenue totaled US$16.86 million in the third quarter
Gold sold in the third quarter totaled 12,798 ounces at an average realized gold price of US$1,201 per ounce
Silver sold in the third quarter totaled 100,408 ounces at an average realized silver price of US$14.77 per ounce
Cash balances as at September 30, 2018 totaled US$8.4 million
Total cash costs net of by-product credits of US$1,047 per ounce produced for the third quarter
All-in sustaining costs of US$1,086 net of by-product credits per ounce produced for the third quarter