Record Sept 2019 qtr (Q3 19) gold production hasn’t been enough to stop Robex Resources’ segment operating income plunging to $C13.55M for the 9-months Sept 19 YTD (YTD19) from YTD18’s $23.98M.
The result was on YTD19 gold output from the Canadian company’s sole producing Nampala mine in Mali rising to 38,324oz from 34,281oz, with sales easing to 35,971oz from 36,202oz for revenues up to $64.78M from $59.76M. However, total cash costs sold were also up to $C665oz from $623oz and AISC to $988oz from $937oz.
Q3 19 gold output hit a best ever 15,175oz from Q2 19’s 12,089oz from Nampala, which achieved commercial production on Jan 1, 2017.