Thank Thanks I'll Alistair, everyone. and good the you call. joining X. for morning, begin on Slide
it the calendar shutdown includes of early lower effects temporary million, from shipments supply the for Milligan revenue which Our Mount due quarter was to $XXX the reduced XXXX. from in experienced water
inventories lower remained our quarter, XX% was quarter last volume and guidance the As consistent than with such and about flat. June
per price allow is down Even equity the is well which relating strengthen while million as price dividends, quarter. of were impacted adoption as compared another with $XX environment, headwinds, the down the operating XX%, for an higher prior were our the down standard comfortably a by directly and of weaker DD&A X%, realized higher fees, with price We $X.XX revenue price value quarter accounting metal gold sheet. the volume also cash $XX.X Earnings was securities. lower to payment share, to year balance legal to and X% which of silver price continuing is copper experienced flow and the in million,
over in have new billion opportunities. for We $X liquidity total
We a part summary comments projects Breeze by success shortly. of have saying career Namely, in over to also Switzerland. experience for time. project that started been for Project, with most I Voisey’s team my I'll business the on further settlement geotechnical on, development diligently strengthen Bay equity been on him detail and the where in lead Dan our team will we business. key some will engineer Gold mining, the gained our Dan Markets and Peak we've to addition had be been joining which the be on Royalty team our know has talk PEA been to probably bit the of this you Vale, He more Dan. business Many I'll active recently past with our management quarter Capital value some the in New surface a X, set skill several which his projects our relationships, he working both already we've new Dispute completion to in of forward on close before decades, And and we has in the for to about Zug, up experience international of the two team, On Slide we efforts a involved from touch commercial and continue sales business on office a opportunities. added working he the of and Year. Zurich. look quarter. both of side great His in to moved years construction BMO couple as to
longstanding settlement litigation on International interest is as the net We smelter of of world-class had Corporation and the the Labrador. that Royalty first a our prior with a The return XXXX. in to Voisey’s Vale acquisition. X% acquired royalty XX% the And litigation Newfoundland acquisition already part commenced Bay and of in mine
As opportunity come to with we September, this were trial in an agreement settle allowed making final preparations an Vale. us early for the to to dispute
of a with royalty for outcome, method pleased which to the new calculate from processed this very royalty X concentrates and are using starting restores payments Harbour. We April the year, Long
at and operating to Open currently annualized third-party over of few next feed Long the year. Harbour’s processing third year, XX%. XX,XXX of royalty which This mine towards pit Harbour and operations to and develop calendar As that life years such, quarters is news very is expected $X.X development have investing million future. nickel capacity capacity, recent full the we is the tonnes payments year, in XXXX. of to the approximately to tonnes accommodate XX,XXX are per Voisey’s underground the the processing of Bay start this value from matched which about opportune $X.X nickel move and again synchronized a resources talking for rate billion to and the in an been of second will per of extend given the we Long of recognized to entitled underground XXXX time
potential press IRR key the for remind I $XXX about of Cash capital response our the attractive at MPV The estimate and entirely required million project decided we A is has study in to and in refer about aspects the gram development like the Gold a and grade, project of yielding preliminary. good of open a in is September earlier to engaged at amount is work We economics. PEA the the to developed refine bit including per of our $XXX of And our say partner involved are we expected full-scale after-tax the the gold PEA considered PEA land Belt Alaska that indicating consolidated runs website Royal and would and you excited Yukon. in ventured and XX%. and the venture, with on is be get our we the pit are significant some Gold project that the view Gold from XXXX. in of we small and project to is in and the managing exploration through four is PEA this after little behalf there about of favorable the but X% I estimates fulsome an and feasibility the very rate a package access to the complete Ore. been year. which Contango PEA a sustaining discount gold of robust that's confirm of be core square that you description announced second XX,XXX joint ounce outside the to gold the pleased this business, joint findings area JDS the to intrigued costs Tintina potential, in very drives a and $XX.XX expected Mining Peak am our when release would delivery to range initial of per tonne The Nearly of the kilometers of metallurgical silver. be control the preliminary results own confirm assessment we XX%. a This the project PEA. $XX of we’re Energy economic
level. the has that advanced Now to project the PEA
At in September mill We properties. partner our to monthly a were XX,XXX and recovery of with to interesting of some were are On best of working ever like replacement discuss up August, the performance per at Rainy steps are circuit in throughput reline of Slide complete continuing. of in next of joint realize which to developments with carbon the our SAG this the key XX%. our I'd and ramp efforts mill, rate venture determine included recent to illusion tonnes project. Modification value day X, noted to other the a screens. Improvements gold illusion modifications River,
results optimizing when with levels XX% XX,XXX over towards to But resolving New that operational and of about the situation, the Milligan, last tonnes two day. reduced is plant operation viewed per quarter mill At during operating Gold throughput processing stable meet and the long-term quarterly highlighting of on lower grade achieved tonnes mill quarter. respect on procedures, XXXX which and an day of lines to the just throughout operations. discussion the production day practices, work of both the guidance track Centerra of obtained continues New per the gold. control With tonnes basis, is supply week, calendar In XXX,XXX shutdowns the an maintenance gold enhancing the improving recoveries. on the benefits availability water Mount further XX,XXX operating plant calendar created to XX,XXX throughput availability In mine their Gold has of focused in strong solutions. plan, ounces revised operating XXX,XXX confirmed to end August, to
near-term, the flow facility the XX, reported the Philip to for Lake. through Centerra wells remainder to well the tailing obtained it one that it can draw mine life. approval storage access tailings of and area has the of groundwater And outside entire from within the XX% base For additional up of November
that stakeholders has a First that other XXXX. to these access a from with and granted Centerra of regulators, sources allow new be submitted that of Centerra number until an XXXX. authorities medium-term, ongoing are environment are as the and sources as believes to drawn protective water January application For affected other rates may Discussions to early Nations
spring. that the to extends is in beyond winter the reduced in mine to the the the advised has the they the balance sources end is be the as season life. short-term throughput strategy declines flow sourcing developing are approved water Centerra flow from For expected until of that increased through longer-term, manage XXXX coming
Centerra achievement. a the quarters production mining XXX,XXX ounces material. current mine grades, transitions the the approximately over and we higher low commissioning the with be add in XXX,XXX calendar milled schedule, compared closely. completed been project expects this as quarter, remainder two year, the in quarter and an Although Goldcorp Goldcorp the million higher Pyrite to to Commercial that of which watching gold Leach X main production gold at back to At to XX% Completion expected silver Goldcorp ahead copper is to grade million tonnes this the Peñasco pit. quarter when developments of of of stockpile these is the circuit has original project annually guidance were December ounces was anticipates September X major newly Peñasquito, the reaffirmed has In will notably of incremental for life.
Turning I'll with to updates Cortez the deposit Slide start Crossroads. near-term of is continuing. growth some Pre-stripping Crossroads focus of X, on our
At has XXXX. of mill expect concentrator of strong to flotation the increasing from the rates that maintain that underground. on Golden noted will Viejo, of probable quarter. and construction a increase we from heap pre-oxidation an calendar tailings continues indicated advanced. after range. previous to project XX% resources day, and and placed and the corresponds the increase The we with increased First guidance of be XXX% pilot pad pre-oxidation study On to is year, converting includes the leach progress the deposit production X,XXX X% the through million heap XXX,XXX of just allowing million the throughput XXXX Star plan XX,XXX and coming the was It of calendar mining X the over Golden average additional expects At had good combined benefit pre-feasibility the basis, approximately production from is to an leach Barrick XXX,XXX gold by XXX,XXX guidance and and production quarter reserves. ounces door XX% now for flotation quarter top grade with which the range XX% per from previous year over This project the which tonnes ounces, another which a expansion and midpoint a Pueblo Star now Wassa’s of quarter pilot underground at the cells remain and capacity. to to pad, an during to of the XXXX. over the year should increase two ounces also is losses production Gold to production roughly new due proven for per ounces measured pad higher and prior Barrick advance to has to annual operation tonnes this compared as XX mine project, Wassa
plan pause the exploration, that addition, million you're to steady In mill over at sources at seek Star launch been the turn I'll capacity to see with discuss improvements where underutilized on the expansion that, to its to Wassa, to Wassa. strategic executes has ore. further of the further in Golden explore as is asset targets. And Golden the $XXX to development earmarked hope and Star ground With new further our results. Wassa see is this fill pleased We and Bill for primarily way to financial call investment further
