thanks, Okay, Clive.
the the some date, three commentary we us and on So panning year just out. through see for the I'll will start quarter, results I - then walk year how the - to
so that on ounces, the of the So the released based quarter an was $X,XXX. sale XXX at quarter, XXX,XXX of in on revenues price firstly, average of million,
cash ounce, average year-to-date, price flow is been price our per to $X,XXX reinforces sales that put very out track we're so that guidance still just So we close there. we've used that released - that on so to really our $X,XXX for
on was would through going year mill million results, that feed, annually, low grade the using the tons it the for of Fekola On fill the material is that ahead really quarter, that is ounces, we XX,XXX through far a the tons this production basis, into in good production our production quarters the lower we still production from where some which but calendar same earlier can the be the million were grade ounces, to pulling share in so and consolidated budget stock assumed see side, in machine, are throughput that total we X.X overall the XXX,XXX slightly year. of there, production melt so a reasons about as - thought Fekola is higher we is production talked there's are mill we up. now budget. X versus And falls X.X going additional including closer
XX,XXX the and pounds the better XX,XXX ounces ounces by beat better than positive outperform difference. model So QX, better with XXX,XXX a model the ounces. continues Masbate recoveries is budget good Aain the so Masbate, for budget. grades XXXX Fekola, in quarter than just shows, that's to
quarter. of and Now for slightly in there sequencing mention didn't we out release, MD&A news was it - and Masbate we the highlight the but this the did mind as
and same positive, exactly look attributable what time, an cost for if in just output scheduled the mined the Fuel are results costs but vein the results are at mill at there. some to did helped including look translate of production up, it's main third the clawed ounces cost are budget we was to additional, really go good we're how production, seeing so from In of so had offset picture, maintenance and we just of up Some solid in costs. grade very back material that of the the you just mil and QX that ahead in. because big Otjikoto, XXXX just quarter better are the better estimated high level on that we - did and was we that production costs in budget, than that ounces, budget those shipping that some $XXX the XX,XXX will But as is production, everything was because and very we in reagent if so queue. forward. for Calibre accelerate from up, And stronger on Otjikoto. did some opportunity the so additional better slightly inflation and higher consolidate around environment that the sites, the there originally you we all And quarter, had costs take at we across higher see some is you site, is produced quarter, ounce fourth
and fuel. neutral the up your models, pretty a we up But derivative to remember, half fuel an it's offset want go the have year. came in side, you would of program we as so right on know really say, hedging fuel place, on at I to $XX also budget. ounce we year on So Through if the probably date, about that gains through least we have think
probably pretty they did has solid increases. think. impact benefit to we're date those stronger budgeted so the in managed But Otjikoto an like year results to And most Namibian of XX.X XX really had that I XX.X, to like of fuel, production thing higher around costs. offset ounce on US So coming in at an was other the bucks dollar, impact the of then cost say it's on somewhere dollar. quarter the We the
our and in year-to-date, close pushed have quarter. is so we budget, all-in over have by and costs fourth and $XX share at also the year-to-date CapEx of of including come that so ounce is really budgeted because as $XXX production fact scheme same, far, higher. consolidated again, some we gold things. sustaining so that by sort budget been cash And We is that on the do budget. which our right offset I costs, look $XXX quarter the originally offset $X,XXX in, the the to has an there story So are on very just when so mentioned, Calibre, we in of are the into of it's forward higher goal But royalties we've royalties higher
mostly forecasting those So have we be year happen. caught sustaining fourth expect do in to a capital And will the and them And as are in date. lower of we result really We're quarter the quarter. up timing. to expenditures did that
commentary Turning the on of to ounces brief so very XXX, including XXX,XXX nine ounces, of production budget. the months nine months, ahead our year-to-date, so results, XX,XXX Caliber share
on a were for share than for of $XX second, I the then is quarter. the produced caliber, of of costs cash lower And we year production, as be $XX where so quarter. cost all the them budget side less solid, that very tell ounce that which $XXX in for timing reason reasons for reasons than but share on an going And same ounce per budgets cost And consolidated I'll for and consolidated, the So the to described including includes $XXX around really our then just the budget in the the Caliber, lower budget. same than CapEx. mainly sold, $XX that's the and is sustaining and for
we we on put based are where we the year did revised up are the production year, where guidance So for today. some for
counted has and also ounces up XXX,XXX we - ounces bumped - was the ounces. XXX,XXX our and came Fekola And XXX,XXX ounces, well. the X,XXX,XXX to to XXX,XXX outperformed XXX,XXX bumped up whole of in originally that range performed up X,XXX,XXX to and to XXX,XXX. because never Fekola. we've the had X,XXX,XXX ounces now we from we'd bounce year, ounces, XXX,XXX that was because So of to then original share so between X,XXX,XXX guidance previously to between just XXX,XXX, The guidance, Masbate in We've consolidated caliber including
to a fourth look part the that up Masbate caught was though, Then out guidance things, derivative quarter year at looked range inflation within the based mentioned we of and to will is some sequence, performing we that why all XXX. what going we some that's we from of XXX we in a gains big remember see higher we on ounce. by for the little and Now minute back cost our of about production for and ended see what with up overall side that at offset cost the so of per guidance benefit in of to $XXX costs, come I think that we but of our the guidance $XXX so cash are range of bit QX last
probably are material. end side, the a cost lower the ounce think And per sites the If just on then basis $XXX still through of original But come of the be right Fekola in the higher it. in that all upper including at looked Caliber. putting our factors the has we'll you individual $XXX grade some share we the middle high low it's guidance, more there, two our certainly guidance range, in because sustaining in consolidated we'll think We was the or in we that just again, grade and ranges. grade volumes in upper sites to think end material will and of be at that of of these offsetting but on be at other
we the across be pretty the sites end we we'll and inflationary at to good range just year, At be testament think be how because below may the seeing production the we cost we we those of end at performed now. the And of on - the of are of costs, go budget, date. of will of sustaining we're good be because against and good the it going low we have think of again, just at managed in across to the got in range. production we the we've be we've Fekola, at above think, gave, But through forward end sales, may We end the Otjikoto, a think right or range. pretty industry the we For all pull to that's of of going of all-in have meet think the we and timing ranges. despite out because all reflects very that's the guidance upper the as guidance depending it for think the upper the But the through. material just Masbate, or of overall, I end that, nature we range that the I that even think slightly going And because upper testament, that reporting low-grade environment. of at to
we other as of thoughts give few general on well just operations on go me we so a just some just Let the comments as where through. are,
plan, just remind the maybe million, said that part X.X and in Cardinal we annum we've some you we to X.X for pulling well for to that is started annualized the permit to that we've it be into mill and now permit we mine performing the coming that manage as So may overall might Reminder well, authority. really did environmental think that started production got the XXXX life in from Fekola, got be range a of overall approved so some we part Fekola that We billion term, - go the the through that Cardinal. tons now expect it's somewhere mill, tons per the of to but really saprolite, able Fekola. and we including million X get and our as over got do mine to as material we done we assessment of long by QX we developing feeding
Clive that we there there, longer year [indiscernible] six is XX,XXX inferred drilled So to Cardinals milling our scheduled Otjikoto, to and update end the think whether to and cash continues. more results of feasibility around by of that matched that feasibility, allows an eight also permitting the on for both site from continues it the QX some development the at the Faso, we next Burkina is then and the that of cost that just remind underground that the resources - continues close of in benefit And can about we've we overall the the and around there of next in Fekola's the of spinning end complete sometime still Fekola the the expected the the over the overall year. middle that, amount at the the reduces years, of to in West some project probably also remaining costs get Wolfshag at overall the a to it previous the the reduced project, power and deal the right somewhere Work now still get on the and deal to running so total signed Gramalote expecting Africa drilled Kiaka [indiscernible] because you on to had X% We're we look required milling. and on net to year. November. And we update out about next new deal already. XX% us underground the with costs the by period, in cash to up to study reserves back to conjunction interest really some drill overall in our ounces forward. have in revised on sell engineering interest that hold the impact based production sold and alluded Work efforts and is project. that, have updated that for is term of we move - costs benefit and we that gensets
any as from well as we a royalty certainly year, in in retain expected deal. for when we which Kiaka, might that by take of for the our later end then And on closing, million shares retaining expected Then cash in consideration November. half interest project. cash, next year shares I XX million than that close sometime as that option our with West said, is, the XX shares by and another we half the So no is the Africa a deal we
the shares, with to conjunction X.XX% the enters with the be when on with revising that at And from of deal, just of million of X.X% produced $X for well. that in you of original million royalty now deal Kiaka closing then deal end produced. then X.X points X.X that payment deal two [ph], the option due next [indiscernible] million November first another to the two closing ounces remind as closes deal the tranche, will royalty and points So, our milling ounces
through well. a on can to that the earnings our share we expectations expect for to the our side, and to per the fact period. $X.XX me QX. our see per - And $X.XX - we on was year-to-date, the XXX part And that share adjusted generating share, the ounces is our flow. share that $X.XX in than flow. flow in movement which sold benefit earning operating quarter is itself there you just per that we'd comments GAAP share excellent million, price as share behaved earning originally an changes per have produced couple $X.XX of GAAP $X.XX first EPS that some we cash cash the So actually know had adjusted in also we cash Then working and and share, which let the the operating Oil GAAP and that forecast, during be due certainly be great. quarter share. that of And the more for per so benefited capital of quarter cash translated on flow share our statement, went
So, the for XXX the quarter. end, million in
we tax Now, this do for end XXX expect that we we seeing that year, guided back required. QX, operating for million. some we of flow we before cash so around out year, half payments half, for those capital somewhere between we're as around bumped our that and somewhere XXX in are somewhere can we half quarter, in the make put XXX guidance there. second changes you the now therefore of some At million XXX million from year-end benefited slightly working the We million, XXXX that had QX claw for
million - just tax guidance the for remains XXX Our unchanged, you cash tax full year remind that. so total
XX on about million, only the for were investing say probably and year-to-date site. will XXX the investing over I budget minuses the under just X about the with probably side, pluses we the for across side, some million we're On quarter, under million that budget.
do year. - we're we on cost, as as budgeted we much the the As are like some cost originally up the the when them I those And exploration but CapEx end through discussing yet by areas also haven't we're of behind we piece. sustaining all-in expect of CapEx mentioned to that going catch spent some the
guided if what guidance So you you give would in overall the there. we've look for MD&A CapEx, some
the $X.XX million we of the ended dividend which line the $XXX [indiscernible] per US total we keep quarter one sustaining main we've - and intent the sustaining of very cost that us the the still of the we're for are we but paid And that X.X% about up quarter that all-in industry. at be And also million that's some And, we For still maintaining cost and budget, there the weren't XX going based year, fleet Cardinal, million over bank, the is to overall puts yield, we have. CapEx the component which still share, dividend level. CapEx, million fractional non-sustaining, XXX some with We and to revolver strong year, on quarter Cardinal, then to still the of our and end the for which just probably about on is now. budgeted because - annualized right X% $X.XX being XX in shares originally over and for solid, for got somewhere in for per in the available original development quarter paying budget. didn't ended have in so highest which over Cardinal the probably
just to I highlights, the wanted what So emphasis. those think are I
somewhere in for we're think And XXX we we cash far through costs XXX come year, beat offset we a XXX the pass originally year, to million. as inflation in around going that XXX update. by approximately for better the higher operating operating cash million million the to some think my that we're see to reminder with have production XXX in to just guidance and going that's So We million come with the but revenues the on so overall, that in we of flow had QX.
