The Company looks forward to providing further announcements on these strategic initiatives in upcoming months.” 2024 SECOND QUARTER HIGHLIGHTS AND SIGNIFICANT SUBSEQUENT EVENTS (All mine site figures on a 100% basis) Q2-2024 Q2-2023 H1-2024 H1-2023 Operating Performance Gold productionoz25,524 35,482 55,663 76,783 Gold salesoz24,937 33,608 56,166 76,747 Average realized gold price$/oz2,334 1,970 2,185 1,926 Cash costs per gold ounce sold1$/oz1,386 924 1,242 854 All-in sustaining costs1 ("AISC”) per gold ounce sold$/oz1,613 1,109 1,452 1,006 Financial Performance Revenue$000s58,343 66,396 123,028 148,108 Earnings from mine operations$000s23,167 27,490 50,049 67,160 Net income attributable to shareholders of Orezone1$000s8,939 11,380 20,636 33,940 Net income per common share attributable to shareholders of Orezone1 Basic$0.02 0.03 0.06 0.10 Diluted$0.02 0.03 0.05 0.09 Adjusted EBITDA1$000s20,491 31,526 46,419 74,171 Adjusted earnings attributable to shareholders of Orezone1$000s3,326 11,236 11,062 35,810 Adjusted earnings per share attributable to shareholders of Orezone1$0.01 0.03 0.03 0.10 Cash and Cash Flow Data Operating cash flow before changes in working capital$000s15,331 25,228 35,688 66,365 Operating cash flow$000s(51)20,155 13,586 59,081 Free cash flow1$000s(16,951)8,016 (14,938)39,514 Cash, end of period$000s11,446 32,309 11,446 32,309 1 Cash costs, AISC, Adjusted EBITDA, Adjusted earnings, Adjusted earnings per share, and Free cash flow are non-IFRS measures.
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel, the spread of diseases, epidemics and pandemics diseases, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management’s discussion and analysis filed on SEDAR+ on Readers are cautioned not to place undue reliance on forward-looking statements.
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