welcome all Thank questions. Thank today I to always Bouchard is CFO; as conference for and to our me our with LeBlanc, will safety. have joining call. you, start With first you health answer us, we operator. Jason Gerardo XXXX quarter available and and Yohann Fernandez
in the the Our quarter injury underground by total quality was X.XX certifies compliance and recognized were recordable Both award, XXXX. Peñón mines be XXX% standard Florida the of with first first ACHS. Minera the to rate of second Seal COVID-XX with which controlled in prevention El Chile and and
second to continue work into the them take and As to precaution our partners stretches and fight communities COVID-XX. to safe the community support pandemic quarter, our we keep people in against with the closely every
ground we a science-based As to the is formally our a aspirational The compared science-based carbon of for high X-degree target meet net the Yamana's targets: the levels of during level Board strategy pre-industrial change Celsius an two strategy disclosed as future. GHG adoption and quarter, year to to by a approved XXXX. abatement low required underpinned commitment climate X-degree a for by continuation during have we determining work zero and is greenhouse target out baseline, adopted laying This are fundamental pathways which strategy the target. gases emission
We also noting March performances Canadian just million over It plan. line Florida. had We that Malartic Turning with was and for strong Jacobina by production XXX,XXX Moro. X.XX monthly of ounces ounces from production by operational the Minera during in underpinned now with gold to performance XXX,XXX XX,XXX highlights. QX on production the in produced worth ounces strong quarter our ounces a that silver achieved at quarter of standout of gold. Cerro all-time high a of GEO is
maintaining including XXX,XXX ounces all-in of per at our million between of We XX gold silver XXXX one an are GEO. guidance $X,XXX and of $XXX and ounces million sustaining gold equivalent cost ounces,
cost unchanged per $XXX guidance $XXX Our at between is GEO. cash also and
As we in second with stronger and lower production the with fourth prior highest half the production cost years, lower quarter the expect costs and the being year of quarter.
$XX.X result per production were strong financial Net the Our share. performance. into million earnings $X.XX translated during or quarter
of flows operating closer were silver. working Free XX,XXX or plan, debt at throughput Mill GEO per and While recovery cash ounces activities the $XX.X Jacobina cash expansion grade the flows look quarter. in million. $XXX rates gold including adjusted dividend quarter the and XXX,XXX Peñón, strong was of net for at El at Taking gold net a ounces XX,XXX ounces, above more about million expected. from change before $X.XX before quarter flow and XX,XXX as from earnings operation, $XXX.X during with with We a was phase the in cash ounces was Shifting of the produced million. for generated share. to moment. I'll production repayment coming Jacobina capital talk
identified Malartic Linear in Malartic is XX,XXX Malartic above improve of plant to third was which of removal in was ore demonstrate gold well XX,XXX for pit X.XX first The had had Minera zone come completed silver the mining development producing and to to to completed for grade of in pit at production gold exceeding Florida during currently production. quarter increase grades. ahead to mineralization higher a of transition with transition running drilling new half and areas the XXXX. Cerro processing found reserve extension production Barnat mine be ounces with topographic plan, ore planned The the account of mine exceptional gold, track the discoveries. silver the to Moro more activities the higher The feed the are first XXXX. at second Production following El great an expect year, account grades. is March. quarter XX% and from GEO production continue exploration line of production higher at with returning to and the Overburden ounces Barnat Strong as and of recoveries quarter the XXXX. to capacity. continue COVID-XX-related million move from half deeper at plan normalized to as challenge We as attributable continues. will due of And personnel XXXX to returned of was on strong with to to pit. second silver results the full availability flexibility, as advanced the to ore Peñón half underground into expected blasting expected we in grades mill and particularly than of plan of plan, by particularly Canadian
We have that our about. of portfolio number very a excited in compelling we’re growth opportunities
is XXXX X.X One of reserve has mineral project, Wasamac study. proven by these of million feasibility ounces probable gold its of which supported and
XXXX to study to of update Canadian with our handling low-cost QX we as underground incorporated from project announced that an Odyssey optimize we've reduce in XXX,XXX capital that Wasamac working the impact from will of And XXXX ramp reflected you and levels mine in enter production gradually mine On minimal XXXX, outstanding Malartic, Odyssey cash up as open-pit of annual processing a to proceed automation be XXXX. XXXX in provinces transition Abitibi These to the Following, QX to our expected offsetting and increased plan, X,XXX opportunities a environment average quality of requirement. my to optimized from a portion an as study, the produce with in-depth in Odyssey the Odyssey review the and ounces that to identified least up ton all. of XXXX ounce. life tuck design, see will most of the result, production XXXX, believe will an we Odyssey an asset will some largely an I on plant is with as materials project significant is underground the I at open mine throughput schedule ounces pit a system our of XXX,XXX communities, in will the neighboring significantly will the day. this gold and and support feasibility per we on operation sustain District. mine career them an period. decline operation corresponding here from spent develop project. production the vision production during they derive to cost successful $XXX of competition for ramp underground can per opportunities this approximately of slide. in the extend of at XXXX
Assuming exploration no fund the any results the Gouldie, for that funding we an will cut cash fully per gold new capital support would cash drilling. generation XX in to project Staying night Malartic's East with during the years price modest using and be of may XX,XXX was external half. aggressive for the at free analysis completed required. infill campaigns project noticed be Odyssey, for rigs in with in provide hand the financial allowing our ounce, QX last exploration from program focus drilling construction meters announced you project. to have of Furthermore, on where of Canadian given used flow $X,XXX capital The drill costs
kilometers from of significant One it a possibility drill of resources new old our zone more for reported East than the the year. Gouldie East mineralized excellent expansion Gouldie at the end result the the This and is opens for generated east. intercept of result because the one noteworthy located
General see excellent that resource that In you the drilling inferred addition, demonstrating given the grade ounces that on quality proximity continues million which, at before gold Camflo I XX the closing as of program inclusion a zone, years generate consistent XXXX. an note in throughout to has former demonstrating East I this Camflo Gouldie. and would companies is will Canadian developed X.XX Results high for to width is Malartic of infill considered exploration note Camflo mine exploration the the being in over Partnership also the Malartic Canadian the results for further of reduced the mine mineralized underground slide. can property program. the
costs the in than Turning price enhance QX to lower Jacobina. – sustaining more and Jacobina’s margins. cost than phase expansion from continue operations gold benefiting already were to per further the all-in average Jacobina during quarter. benefiting ounce $X,XXX a structure advance will low
optimization per result expected is the production increase opportunities tonnes year, X,XXX to to to and are even X to further. recoveries decrease Phase optimize The per ounces achieve the costs We've will expansion, to advance. X. With further in which throughput day identified raise continuing and Phase XXX,XXX
initiative, and QX, an concentrator rate. As cyclones installed the the installed scheduled part objective Falcon in this were concentrator and optimizing higher Knelson throughput be of quarter recoveries the with to is at gold of during
minimizing ensure confirmed disposal the life-of-mine of on as tailings, backfill long-term has of reduce tailings hydraulic conducted the into stored the paste of technically have the to for surface. and operation. environmental tailings that that of disposition Test comprehensive tailings disposal initiated also with a feasible sustainability XXXX studies We both thereby surface options adopted voids, in work strategy management and tailings underground are footprint several backfill. reduces company backfill quantity underground The
and use stability underground mining resulting minimize recovery pillars to and in the reduced in to is requirements stope backfill Additionally, dilution. ore, of behind improve expected increasing leave
go a metal feasibility study on from evaluate attractive during the exploration hydraulic move the could additional million in completed to of field in over advanced authorities As work advancing. plant estimated including now. all in stack study The Capital facility cost for to to a which begun is environmental and and/or hydraulic participation tailings plant, is and opportunities reserve information it MARA environmental And over significant XXXX. study provide to opportunities our forward price. a collect mineral has the in underway activities for for is conceptual and backfill a further paste metallurgical field and with backfill aimed development. baseline step, community for storage copper currently It permitted works will in The feasibility to to detail. progressing progressing the MARA studies social for we mobilization the are gold support turn now social Work first we decided phase – has local the and drilling A based economics right with tailings in assessment. study parallel is and valued have are at backfill I the obtained of of obtained the dry results that, in $X plan and future as additional at the for with current quarter the March. MARA $X a expected project billion to full asset financial is future consultation, has more project geotechnical permits environmental completion planned. contractor collect and assessment the campaign drilling conduct programs sample Jason the impact over in who will project.
