Aurora Gold Mine

Mine Overview

The Aurora Gold Mine is the Company’s flagship mine which reached commercial production January 1, 2016.

       

2019 Guidance

•  Prior guidance does not reflect current operating realities experienced in the mine sequence and operational constraints imposed by smaller benches and reduced working faces.
•  Looking ahead: Q4’19 gold production is expected to improve over Q3’19 as mining moves back into the primary ore zone within Rory’s Knoll, however, full year production is expected to be below previously released guidance.
•  Full year unit costs are expected to be in line with Q3 YTD actual costs.
•  In order to create more reliable operating plans, management initiated a comprehensive mine, production and cost savings plan review in Q3’19 to make the necessary changes and improvements to increase productivity and profitability.
•  Management does not consider it appropriate to provide updated guidance ranges or any forward projections until the review is completed.

Key Statistics Previous Guidance Q1 2019 Q2 2019 Q3 2019 Q3 YTD
Gold Produced
ounces
145,000-160,000 36,600 37,300 22,100 96,000
Cash costs per ounce – before royalty¹ ($/ounce)
US$/ounce
800 - 850 839 746 1,372 930
All-in sustaining¹ (“AISC”)
US$/ounce
$1,175 - $1,225 1,378 1,323 1,882 1,465
Cost of sales (prod, royalty and dep)
US$/ounce
$1,175 - $1,225 1,302 1,186 1,864 1,393
Gold Sold
ounces
38,200 38,300 23,500 100,000
Average Realized Gold Price
US$/ounce
1,301 1,325 1,485 1,353
Gross Revenue
US$ mlns
49.7 50.7 34.8 135.3
Ore Mined
t (‘000s)
502 547 286 1,335
Waste Mined
t (‘000s)
5,037 4,705 4,455 14,197
Total Mined
t (‘000s)
5,539 5,251 4,741 15,532
Strip Ratio
waste:ore
10.0 8.6 15.6 10.6
Tonnes Mined per Day
tpd
61,542 57,710 51,500 56,900
Ore Processed
t (‘000s)
649 711 638 1,998
Tonnes Processed per Day
tpd
7,213 7,800 6,900 7,300
Head Grade
g/t Au
1.94 1.81 1.21 1.66
Recovery
%
90.5 90.2 89.1 90.0

Source: Company reports. Numbers may not add due to rounding
These are non-IFRS measures. Refer to the “Non-IFRS Performance Measures” section in the corresponding quarterly Management’s Discussion & Analysis