Delivers on 2023 guidance, strong 2024 outlook of 2.1 million Au eq. oz.
Tasiast and La Coipa projects completed driving significant free cash flow
Great Bear exceeds expectations and adds more than one million high-grade inferred ounces(+/- 5%)(+/- 5%)(ounces)($ per Au eq. oz.)($ per Au eq. oz.)(Capital expenditures of $311 million4(Capital expenditures of $1,098 million4J. Paul Rollinson, President and CEO, made the following comments in relation to 2023 fourth-quarter and year-end results:(Au koz)(Au koz)(Au koz)(Au g/t)Since the last update on November 8, 2023, the Company has received additional assay results, with a selection of the new results highlighted below. Recent results highlighted in this release were received after the 2023 resource database cut-off and have not been used to inform year end resource figures.See Appendix A for full results.(m)(m)(m)Width (m)(g/t)The following section of the news release represents forward-looking information and users are cautioned that actual results may vary. We refer to the risks and assumptions contained in the Cautionary Statement on Forward-Looking Information on page 48 of this news release.(+/- 5%)In 2024, attributable production is expected to be higher in the second half of the year, which is largely driven by expected initial production at Manh Choh, as well as higher production at Paracatu.resultsresults(+/- 5%)2024 attributableguidance(Au eq. oz.)11(+/-5%)of total
forecast
productionproduction cost of sales(per Au eq. oz. sold)2,(+/-5%)cost of sales(per Au eq. oz. sold)2Material assumptions used to forecast 2024 production cost of sales are as follows:Countrysustaining
capital(+/-5%)
(attributable)(million)non-sustaining
capital(+/-5%)
(attributable)(million)forecast
capital(+/-5%)
(attributable)(million)sustaining
capitalmillion)non-sustaining
capital(million)total capital(consolidated)(million)total capital(attributable)(million)2024 sustaining capital12024 non-sustaining capital1Other 2024 guidance(incl. capitalized interest)Environment, Social and Governance(Au koz)(Au koz)(Au koz)(Au koz)Proven and Probable Mineral ReservesOutside of Canada & USOutside of Canada & USVictoria Barrington
Senior Director, Corporate Communicationsphone: 647-788-4153
[email protected] Lichtenheldt
Vice-President, Investor Relationsphone: 416-365-2761
[email protected]Processed (Milled)Processed (Heap Leach)Chilean Peso to $US 850.00Brazilian Real to $US 5.00Mauritanian Ouguiya to $US 35.00(m)(m)(m)Width (m)(g/t)Appendix B
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(GlobeNewsWire)