As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces. As a result of this increased production the Company anticipates full year 2024 all-in sustaining cost1 (AISC) to be at the low end of the improved guidance range of $800 to $900 per ounce of gold sold. Complete financial and operating results for the fourth quarter and full year 2024 are expected to be provided on March 18, 2025.
2025 Guidance Summary (Preliminary)
This preliminary guidance does not reflect the benefits of the Company's acquisition of the Musselwhite Mine from Newmont Corporation, announced on November 18, 2024, which is anticipated to close in the first quarter of 2025. Updated 2025 guidance, including the Musselwhite Mine and corporate G&A will be provided following the transaction's closing. The Company's preliminary 2025 guidance is set forth below.
| Gold Production – Camino Rojo | oz | 110,000 – 120,000 |
| Total Cash Cost (net of by-product) – Camino Rojo | $/oz sold | $625 – $725 |
| AISC1 – Camino Rojo | $/oz sold | $875 – $975 |
| Capital Expenditures | $m | $27.0 |
| Sustaining capital expenditures – Camino Rojo | $m | $10.0 |
| Non-sustaining – capitalized exploration – Camino Rojo | $m | $7.0 |
| Non-sustaining – capital projects – South Carlin Complex | $m | $10.0 |
| Exploration and Project Development Expenses | $m | $36.0 |
| Regional Exploration – Camino Rojo | $m | $9.0 |
| Regional Exploration – South Carlin Complex | $m | $15.0 |
| Project Development – South Carlin Complex | $m | $12.0 |