By: Creamer media

He points out that Sanbrado produced 50 033 oz of gold for the quarter ended March 31 and sold 48 338 oz of gold at an average price of $2 832/oz.

Openpit mined ounces in the quarter were consistent with those of the December 2024 quarter, with 1.55-million tonnes of ore mined at 0.8 g/t for 40 788 oz of gold.

Underground mined ounces increased by 7% compared with the December 2024 quarter.

This increase reflects 17% more ore mined, partly offset by a 9% decrease in the underground mined grade in the quarter.

The M1S underground delivered 149 000 t of ore mined at 7 g/t for 33 670 oz of gold for the quarter.

Contained gold in ore stockpiles increased by 34%, or 20 600 oz, in the quarter.

Sanbrado is tracking well to achieve its 2025 production guidance of 190 000 oz to 210 000 oz of gold at a site sustaining cost of less than $1 350/oz.