Strong Q3 Operational Performance
Q3 saw solid production of just over 87,000 ounces, strong cash generation with just under $110 million of adjusted EBITDA, and operating cash flow of nearly $200 million.
Sadiola Phase 1 Expansion Progress
Significant progress on the Sadiola Phase 1 expansion with mechanical installation of the new mill and crushing circuit complete, and the mobile pebble crusher ready for December commencement.
Improved All-in Sustaining Costs
All-in sustaining costs of $2,092 per ounce were down 11% compared to the second quarter, with further reductions expected in Q4.
Agbaou Production Increase
Agbaou saw a 43% increase in production quarter-over-quarter, driven by higher grades and throughput.
Strong Cash Position
Cash balances at the end of the third quarter were just over $262 million, providing strong liquidity for upcoming projects.
Positive Outlook for Q4 and 2026
Expectations for Q4 are high with production expected to be up to 40% higher than Q3, and significant improvements in costs and financial performance anticipated for 2026.