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Brio Gold Announces Q4 and Full Year 2017 Operating Results and 2018 Guidance, Provides Santa Luz Update
Jan. 16, 2018 09:26AM PST
Gold InvestingBrio Gold (TSX: BRIO) (“BRIO GOLD” or the “Company”) announces its fourth quarter and full year 2017 preliminary operating results and 2018 guidance. The Company also provides an update on its Santa Luz project. All dollars are in U.S. Dollars, unless otherwise indicated. Gil Clausen, Brio Gold’s President and CEO, stated: “With grade challenges at Pilar and …
Brio Gold (TSX: BRIO) (“BRIO GOLD” or the “Company”) announces its fourth quarter and full year 2017 preliminary operating results and 2018 guidance. The Company also provides an update on its Santa Luz project. All dollars are in U.S. Dollars, unless otherwise indicated.
Gil Clausen, Brio Gold’s President and CEO, stated:
“With grade challenges at Pilar and lack of water at RDM, our objective in the fourth quarter was to contain costs, maximize our cash flow and keep our growth projects on schedule. We achieved those objectives. Consolidated cash costs and all-in sustaining costs (AISC) improved quarter over quarter and we ended the year beating our cash cost guidance and being at the bottom end of our AISC guidance.
We are starting the new year with all of our operations producing well and expect to see a marked improvement in production in 2018. In addition, our flagship Santa Luz mine, which is expected to produce over 100,000 ounces annually at low cost, remains on track for re-commissioning at year end.”