Record Quarterly Production at Rainy River
Rainy River achieved a record quarterly production of over 100,000 ounces of gold, marking a 63% increase over the second quarter.
Significant Reduction in All-In Sustaining Costs
All-in sustaining costs reduced by $425 an ounce to $966 per ounce, with expectations to reduce further in the fourth quarter.
Record Free Cash Flow Generation
The company generated a record quarterly free cash flow of $205 million, with Rainy River contributing $183 million.
Debt Repayment Ahead of Schedule
Repayment of $260 million in debt, including the $150 million drawn on the credit facility, was completed one quarter ahead of plan.
Safety Milestones Achieved
Rainy River surpassed 1.5 million hours and New Afton surpassed 1 million hours worked without a lost time injury, with a low total recordable injury frequency rate of 0.61.
Strong Exploration Progress
Significant exploration achievements at New Afton's K-Zone and ongoing activities at Rainy River, with a full-year budget of $22 million for 63,000 meters of drilling.