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Guidance

2019 Full Year Attributable Guidance1


2019

Essakane (000s oz.) 380 – 390
Rosebel (000s oz.) 240 – 260
Westwood (000s oz.) 95 - 105
Total owner-operator production (000s oz.) 715 – 755
Sadiola Joint Venture (000s oz.) 50 – 55
Total attributable production (000s oz.) 765 - 810

Cost of sales2 ($/oz) $910 - $960

Total cash costs 3,4 - owner-operator ($/oz.) $860 - $910
Total cash costs 3,5 ($/oz.) $860 - $910

All-in sustaining costs 3,4 - owner-operator ($/oz.) $1,100 - $1,140
All-in sustaining costs3,5 ($/oz.) $1,090 - $1,130

1 Guidance for 2019 is based on the following assumptions:

  • Average gold price per ounce of $1,300; average crude oil price per barrel of $63; U.S. dollar value of the Euro of $1.13; and Canadian dollar value of the U.S. dollar of $1.33

2Cost of sales, excluding depreciation, is on an attributable ounce sold basis (excluding the non-controlling interest of 10% at Essakane and 5% at Rosebel) and does not include the Sadiola Joint Venture which is accounted for on an equity basis.

3 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of this MD&A.

4Consists of Rosebel, Essakane, and Westwood on an attributable basis.

5 Consists of Rosebel, Essakane, Westwood, and the Sadiola joint venture on an attributable basis.


2019 Capital Expenditure Outlook

($ millions) Sustaining1 Non-sustaining (Development/ Expansion) Total2
Owner-operator
Essakane 40 70 110
Rosebel 40 50 90
Westwood 15 20 35

95 140 235
Corporate and Development Projects2 - 40 40
Total3,4 (±5%) 95 180 275

1 Sustaining capital includes capitalized stripping of $5 million for Essakane and $2 million for Rosebel. In accordance with the World Gold Council guidance on all-in sustaining costs, capitalized stripping of $35 million is included in non-sustaining capital for Essakane.

2 Includes estimated attributable capital expenditures for the Côté Gold Project (70%) for the first nine months of 2019.

3 Includes $14 million of capitalized exploration and evaluation expenditures. Refer to the Exploration section of this MD&A.

4 Excludes capitalized borrowing costs and $10 million of principal lease payments.

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