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TORONTO, ONTARIO, November 28, 2016 - Mangazeya Mining Ltd. ('Mangazeya' or the 'Company') (NEX: MGZ.H) announced the filing of its unaudited interim condensed financial statements ('Financial Statements'), management's discussion and analysis - quarterly highlights ('QH') for the third quarter and nine months ended September 30, 2016. All figures are quoted in Canadian dollars unless otherwise indicated.
3Q 2016 | 3Q 2015 | Change | % | 9m 2016 | 9m 2015 | Change | % | |
---|---|---|---|---|---|---|---|---|
Operational highlights | ||||||||
Gold production, ounces | 13,135 | 15,984 | -2,849 | -18% | 21,245 | 21,050 | 195 | 1% |
Gold sales, ounces | 12,780 | 15,152 | -2,372 | -16% | 19,382 | 18,454 | 928 | 5% |
Ore mined, tones | 322,778 | 416,830 | -94,052 | -23% | 775,538 | 894,953 | -119,415 | -13% |
Stripping ratio, m3/t | 3.48 | 1.88 | 1.60 | 85% | 4.13 | 2.86 | 1.27 | 44% |
Ore stacked, tones | 417,160 | 499,655 | -82,495 | -17% | 953,725 | 968,682 | -14,957 | -2% |
Ore grade in ore stacked, g/t | 1.07 | 1.53 | -0.46 | -30% | 1.21 | 1.43 | -0.22 | -15% |
Financial highlights | ||||||||
Revenue, kCAD | 21,509 | 23,195 | -1,686 | -7% | 32,308 | 27,735 | 4,573 | 16% |
Adjusted EBITDA, kCAD | 11,575 | 11,270 | 305 | 3% | 15,255 | 10,751 | 4,504 | 42% |
Total cash cost per ounce (TCC), CAD, kCAD | 611 | 614 | -3 | -1% | 669 | 640 | 5% |
Mangazeya Mining Ltd. published this content on 28 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 November 2016 13:55:58 UTC.
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