Elevation Gold Reports Revenue of US$12.1 Million Financial Results for Quarter Ending September 30, 2021
Elevation Gold Reports Revenue of US$12.1 Million Financial Results for Quarter Ending September 30, 2021
VANCOUVER, BC, Nov. 26, 2021 /PRNewswire/ - Elevation Gold Corp. (TSXV: ELVT) (OTCQX: EVGDF) ("Elevation Gold " or the "Company") a U.S.-focused gold producer with district-scale exploration potential in the Walker Lane Trend in Arizona and Nevada, is pleased to announce financial results for the quarter ending September 30, 2021. All figures are expressed in US dollars unless otherwise noted.
公元前温哥華,2021年11月26日/美通社/--Elevation Gold Corp.(多倫多證券交易所股票代碼:ELVT)(場外交易市場代碼:EVGDF)(“EVGDF”或“EVGDF”)是一家專注於美國的黃金生產商,在亞利桑那州的沃克巷趨勢具有地區規模的勘探潛力,內華達州,很高興宣佈截至2021年9月30日的季度財務業績。除非另有説明,所有數字均以美元表示。
Highlights for the Quarter ended September 30, 2021
截至本季度的亮點2021年9月30日
- Revenue of $12.1 million
- Earnings from mine operations of $2.9 million before depreciation and depletion
- Commissioning and ramp up to full operation of Heap Leach Pad 3A
- Gold equivalent production of 7,209 ounces1
- Cash costs of $1,316 per ounce sold on sales of 6,214 gold ounces2
- Moss mine All In Sustaining Cost ("AISC") of $1,643 per ounce sold, including $317 per ounce in capital expenditures2
- Exploration success highlighted by 64.01 meters grading 1.65 g/t gold and 15.39 g/t silver3
- Completed a 6:1 share consolidation and name change
- 的收入1210萬美元
- 的礦山經營收益290萬美元折舊和損耗前
- 堆浸墊3A的調試和上坡至全面運行
- 黃金當量產量為7209盎司1
- 的現金成本$1,316每盎司售出6,214金盎司2
- 苔蘚礦全部計入維持成本(“AISC”)$1,643每盎司售出,包括$317每盎司資本支出2
- 64.01米分級1.65克/噸金和15.39克/噸銀突出了勘探成功3
- 完成6:1的股份合併和更名
- Gold equivalent oz = Gold Oz + (Ag oz/75)
- Refer to reconciliation of Non-IFRS Performance Measures at the end of this release
- For further details please refer to the Company's September 8, 2021 news release
- 黃金當量盎司=黃金盎司+(銀盎司/75)
- 請參閲本新聞稿末尾的非國際財務報告準則績效衡量對賬
- 欲瞭解更多詳情,請參閲本公司的2021年9月8日新聞稿
Michael G. Allen, President of Elevation Gold stated, "The ramp-up of the 3A Heap Leach Pad now allows the mining team to focus on pre-stripping the south wall of the East pit to allow for higher grade material to be mined in Q1 2022. In addition, the crusher team has been focussing on improving operational efficiencies to increase throughput in alignment with higher grade material being mined. Subsequent to quarter end we announced an updated mineral resource estimate, which included a 36% increase to our Measured and Indicated Resources, an updated mineral reserve estimate and updated mine plan for the Moss Mine and exploration is ongoing on the 168 square kilometer property."
邁克爾·G·艾倫,Elevation Gold總裁 述明,“隨着3A堆浸礦場的擴大,採礦隊現在可以專注於預先剝離東礦坑的南壁,以便在2022年第一季度開採更高品位的材料。此外,破碎機團隊一直專注於提高運營效率,以增加與正在開採的更高品位材料的產量。在季度末之後,我們宣佈了最新的礦產資源估計,其中包括我們測量和指示的資源量增加36%,最新的礦產儲量估計和更新的苔蘚礦開採計劃。
Consolidated Three and Nine Months ended September 30, 2021 Financial Results
截至三個月和九個月的合併2021年9月30日財務業績
US$'000 (except per share amounts) |
Three Months Ended |
Nine Months Ended |
Revenue |
12,095 |
45,086 |
Costs of sales (including depreciation and amortization) |
(10,898) |
(38,027) |
Operating income |
160 |
3,211 |
Net income |
3,5351 |
2,7012 |
Net income per share (basic) |
0.06 |
0.05 |
$‘000(每股金額除外) |
三個月完2021年9月30日 |
九個月完2021年9月30日 |
收入 |
12,095 |
45,086 |
銷售成本(包括折舊和攤銷) |
(10,898) |
(38,027) |
營業收入 |
160 |
3,211 |
淨收入 |
3,5351 |
2,7012 |
每股淨收益(基本) |
0.06 |
0.05 |
1. |
Includes a non-cash accounting derivative revaluation gain of $4,031 driven by a decrease in the ELVT share price that decreased the warrant ($571) and convertible debenture ($988) derivative liabilities, and by the silver stream embedded derivative ($2,472) due to a decrease in silver price during the quarter. |
2. |
Includes a non-cash accounting derivative revaluation gain of $3,198, driven by a decrease in the ELVT share price that decreased the warrant ($2,721) and convertible debenture ($1,797) derivative liabilities, and offset by the silver stream embedded derivative ($1,320) due to an increase in silver price during the nine months ended Sep 30, 2021. |
1. |
包括4,031美元的非現金會計衍生工具重估收益,這是由於ELVT股價下降,減少了認股權證(571美元)和可轉換債券(988美元)衍生債務,以及由於本季度白銀價格下降,銀流嵌入衍生工具(2,472美元)。 |
2. |
包括3,198美元的非現金會計衍生品重估收益,這是由於ELVT股價下跌,減少了權證(2,721美元)和可轉換債券(1,797美元)衍生品負債,並因截至2021年9月30日的9個月白銀價格上漲而被銀流嵌入衍生品(1,320美元)所抵消。 |
Consolidated Three and Nine Months ended September 30, 2021
Operating Statistics
截至三個月和九個月的合併2021年9月30日
營運統計數字
US$'000 (except per ounce amounts) |
Three Months Ended |
Nine Months Ended |
Average realized gold price ($/oz) |
1,785 |
1,794 |
Ore Tonnes Mined (t) |
730,447 |
2,119,071 |
Ore Stacked (t) |
714,6421 |
2,047,648 |
Grade (g/t Au) |
0.40 |
0.45 |
Gold Ounces Produced |
6,526 |
22,368 |
Gold Ounces Sold |
6,214 |
22,380 |
Total Cash Costs ($/oz) |
1,316 |
1,202 |
Moss Mine AISC ($/oz) 1 |
1,643 |
1,906 |
Capital Expenditures |
1,9682 |
15,5593 |
$‘000(每盎司金額除外) |
三個月完2021年9月30日 |
九個月完2021年9月30日 |
已實現黃金平均價格(美元/盎司) |
1,785 |
1,794 |
礦石噸開採量(噸) |
730,447 |
2,119,071 |
礦石堆積(噸) |
714,6421 |
2,047,648 |
品位(克/噸金) |
0.40 |
0.45 |
生產的黃金盎司 |
6,526 |
22,368 |
售出的黃金盎司 |
6,214 |
22,380 |
總現金成本(美元/盎司) |
1,316 |
1,202 |
苔蘚礦AISC(美元/盎司)1 |
1,643 |
1,906 |
資本支出 |
1,9682 |
15,5593 |
1. |
Tonnes stacked for the three and nine months ended September 30, 2021 included 112,053 of low-grade ore which was stacked as overliner for the new heap leach pad. |
2. |
AISC includes $1,968 of quarterly capital expenditures, including $904 on the construction of a new heap leach pad and $982 of exploration drilling. |
3. |
AISC includes $15,559 of year-to-date capital expenditures, including $10,804 on the construction of a new heap leach pad and $4,013 of exploration drilling. |
1. |
截至2021年9月30日的3個月和9個月,堆放的噸包括112,053噸低品位礦石,這些礦石被堆放在新的堆浸墊上作為襯墊。 |
2. |
AISC包括1,968美元的季度資本支出,其中包括904美元的新堆浸出墊建設和982美元的勘探鑽探。 |
3. |
AISC包括今年迄今15,559美元的資本支出,其中包括10,804美元用於建設新的堆浸墊,以及4,013美元的勘探鑽探。 |
Qualified Person
合格人員
The foregoing technical information contained in this news release has also been reviewed and verified by Mr. Joseph Bardswich, P.Eng., a Qualified Person ("QP") for the purpose of National Instrument 43-101 (Disclosure Standards for Mineral Projects).
本新聞稿中包含的上述技術信息也經過了Joseph Bardswich先生的審核和核實,他是符合National Instrument 43-101(礦產項目披露標準)要求的合格人士(“QP”)。
Dr. Warwick Board, P.Geo., Vice President Exploration of Elevation Gold, is the Qualified Person as defined by NI 43-101 responsible for the Moss Regional Exploration Project and has reviewed and approved the scientific and technical information in this news release related thereto.
Elevation Gold勘探副總裁Warwick Board,P.Geo是NI 43-101定義的負責MOSS區域勘探項目的合格人員,並已審核並批准了本新聞稿中與此相關的科學技術信息。
Full Condensed Interim Consolidated Financial Statements and the Management Discussion & Analysis can be found at www.sedar.com and the Company's website at elevationgold.com/.
完整的簡明中期綜合財務報表和管理層討論與分析可在www.sedar.com和公司網站Elevationgold.com/上查閲。
Non-IFRS Performance Measures
非國際財務報告準則業績衡量標準
The following tables represent the calculation of certain Non-IFRS Financial Measures as referenced in this news release.
下表代表了本新聞稿中引用的某些非國際財務報告準則財務指標的計算。
Reconciliation to Cash Costs and All In Sustaining Costs
對帳現金成本和所有維持成本
Three Months Ended |
Nine Months Ended | |||
Gold ounces sold |
6,214 |
22,380 | ||
Cash costs reconciliation | ||||
Cost of sales |
$ |
10,898 |
$ |
38,027 |
Less: Depreciation and depletion |
(1,713) |
(6,177) | ||
Add: Refining and transportation |
60 |
212 | ||
Less: Silver revenue |
(1,065) |
(5,157) | ||
Cash costs |
8,180 |
26,905 | ||
Cash costs per ounce of gold sold |
$ |
1,316 |
$ |
1,202 |
AISC reconciliation | ||||
Cash costs |
$ |
8,180 |
$ |
26,905 |
Sustaining capital expenditures |
1,968 |
15,559 | ||
Accretion |
62 |
195 | ||
10,210 |
42,659 | |||
Moss Mine AISC per ounce sold |
$ |
1,643 |
$ |
1,906 |
三個月完2021年9月30日 |
九個月完2021年9月30日 | |||
售出的黃金盎司 |
6,214 |
22,380 | ||
現金成本對賬 | ||||
銷售成本 |
$ |
10,898 |
$ |
38,027 |
減去:折舊和損耗 |
(1,713) |
(6,177) | ||
新增:煉油和運輸 |
60 |
212 | ||
減少:白銀收入 |
(1,065) |
(5,157) | ||
現金成本 |
8,180 |
26,905 | ||
每盎司售出黃金的現金成本 |
$ |
1,316 |
$ |
1,202 |
鞍鋼對賬 | ||||
現金成本 |
$ |
8,180 |
$ |
26,905 |
可持續資本支出 |
1,968 |
15,559 | ||
吸積 |
62 |
195 | ||
10,210 |
42,659 | |||
每盎司售出的苔蘚礦AISC |
$ |
1,643 |
$ |
1,906 |
About Elevation Gold Corporation
關於立面黃金公司
Elevation offers investors a rare combination of cash flow, production, top-tier management and exceptional exploration potential within two projects on the Walker Lane Gold Trend of western Nevada and Arizona. Management is executing a clear strategy that expands production and resources at the Moss Mine in Arizona while aggressively exploring the Hercules Project in Nevada.
Elevation在內華達州西部沃克巷黃金趨勢(Walker Lane Gold Trend)的兩個項目內為投資者提供了罕見的現金流、生產、頂級管理和非凡的勘探潛力的組合。亞利桑那州。管理層正在執行一項明確的戰略,擴大亞利桑那州莫斯礦的生產和資源,同時積極探索#年的大力神項目。內華達州.
ON BEHALF OF THE BOARD OF ELEVATION GOLD
"Michael G. Allen"
President
我代表高地黃金董事會
“邁克爾·G·艾倫”
總統
TSXV: ELVT |OTCQX: EVGDF | ELVT.WT | Frankfurt: 54N | ISIN: CA6660061012 | WKN: A1JUA0
TSXV:ELVT|OTCQX:EVGDF|ELVT.WT|法蘭克福:54N|ISIN:CA6660061012|WKN:A1JUA0
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(定義見多倫多證券交易所創業板政策)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Note Regarding Forward-Looking Statements:
有關前瞻性陳述的注意事項:
This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as scheduled, may, intend, plan, expect, anticipate, believe or other similar words. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations. US investors should be aware that mining terminology used for Canadian mineral project reporting purposes differs significantly from US terminology.
本新聞稿包含有關我們未來業務和計劃活動的聲明。這些都是“前瞻性的”,因為我們已經用我們今天所知道和期望的東西來發表關於未來的聲明。前瞻性陳述,包括但不限於關於即將開展的工作和分析的時間和內容的評論。前瞻性陳述通常包括諸如預定的、可能的、打算的、計劃的、預期的、預期的、相信的或其他類似的詞語。前瞻性陳述必須基於許多因素和假設,儘管公司認為這些因素和假設在這些陳述發表之日是合理的,但這些因素和假設本身就會受到重大商業、經濟和競爭不確定性和意外事件的影響。許多已知和未知的因素可能導致實際結果與這些前瞻性陳述中明示或暗示的結果大不相同。我們相信這些前瞻性陳述中反映的預期是合理的。然而,實際事件和結果可能大不相同,因為與我們的業務或本新聞稿發佈之日之後發生的事件相關的風險和不確定性。告誡讀者不要過度依賴前瞻性陳述,這些陳述只反映了截止日期的情況。作為一般政策,我們不會更新前瞻性陳述,除非證券法律法規要求。美國投資者應該意識到,用於加拿大礦產項目報告目的的採礦術語與美國術語有很大不同。
SOURCE Elevation Gold Mining Corp.
源立面金礦公司
Related Links
相關鏈接
www.northernvertex.com
Www.northernvertex.com