Mako Mining Reports Q2 2024 Financial Results Including EPS of US$0.13 /share and Gold Sales of 12,313 Oz Au at $1,098/oz AISC
Mako Mining Reports Q2 2024 Financial Results Including EPS of US$0.13 /share and Gold Sales of 12,313 Oz Au at $1,098/oz AISC
VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide financial results for the three months ended June 30th, 2024 ("Q2 2024"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated.
2024年6月30日結束的三個月財務結果公佈了。Mako Mining Corp.(TSX-V:MKO)(OTCQX:MAKOF)(以下簡稱「公司」)高興地宣佈其財務結果。在此提到的所有美元金額均以美元表示,除非另有說明。
The Company's financial results for Q2 2024 reflect gold sales of US$28.3 million, which generated US$14.5 million in Mine Operating Cash Flow (1) (3), and US$8.8 million in Net Income. The Company reported US$0.13 in earnings per share (EPS) during the quarter, while selling 12,313 oz of gold at $1,098 All-In Sustaining Cost ("AISC") ($/oz sold (1) (2)).
公司2024年Q2黃金銷售額達2,830萬美元,產生1,450萬美元的營運現金流(1)(3)和880萬美元的淨利潤。公司報告該季度每股收益爲0.13美元,同時售出12,313盎司黃金,成本全包維持在1,098美元/盎司(AISC)(售出的美元/盎司(1)(2))。
Q2 2024 Highlights
2024年第二季度要點
Financial
金融
$28.3 million in Revenue
$14.6 million in Adjusted EBITDA (1)
$14.5 million in Mine Operating Cash Flow ("Mine OCF") (1) (3)
$8.8 million Net Income
$793 Cash Costs ($/oz sold) (1) (2)
$1,098 All-In Sustaining Costs ("AISC") ($/oz sold) (1) (2)
Debt Repayment of $0.8 million to Sailfish Silver Loan
Stock Repurchase (NCIB) of $2.9 million
Cash Balance of $6.7 million and Gold in Sales Receivable of $3.2 million (increase of $2.4 million vs. Q1 2024)
2,830萬美元的營業收入。
1,460萬美元的調整後息稅折舊和攤銷(1)。
1,450萬美元的礦業營運現金流("礦業OCF")(1)(3)。
880萬美元淨利潤。
793美元成本(每盎司售出)(1)(2)。
1,098美元全包維持成本(AISC)(每盎司售出)(1)(2)。
向Sailfish Silver貸款還款80萬美元。
回購股票(NCIB)總額爲290萬美元。
現金餘額爲670萬美元,黃金銷售應收款爲320萬美元(與2024年第一季度相比增加240萬美元)。
Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosure ("NI 52-112"). Refer to information under the heading "Non-GAAP Measures" as well as the reconciliations later in this press release.
Refers to a Non-GAAP ratio within the meaning of NI-52-112. Refer to information under the heading "Non-GAAP Measures" later in this press release.
Refer to "Chart 1 - Q2 2024 - Mine OCF Calculation and Cash Reconciliation (in $ millions)" for a reconciliation of the beginning and ending cash position of the Company, including OCF.
參考國家52-112號文件——非GAAP和其他財務措施披露中的非GAAP財務指標。請參見本新聞稿後面的"非GAAP措施"和協調。
是NI-52-112規定範圍內的非GAAP比率。請參考本新聞稿中「非GAAP措施」部分的信息。
請參閱"2024年Q2-Mine OCF計算和現金對賬(以百萬美元計)圖表1",其中列出了公司的現金流量表,包括礦山OCF。
Unusual Factors Affecting Q2 2024 Earnings
影響2024年Q2收益的異常因素。
$2.3 million income tax expense accrual due to yearly anticipated profits exceeding levels projected by the 3% of revenue minimum tax. Due to the high level of profitability experienced by the Company thus far in 2024, taxes are now accrued on the basis of 30% of anticipated taxable earnings
$0.9 million in net derivative losses on the Sailfish Silver Loan due to significantly higher silver prices
$0.3 million in severance to two former executives of the Company
徵稅收入超過3%營業收入最低稅收預期水平,實現稅收應計230萬美元。由於公司2024年迄今實現了高水平的盈利能力,因此現以預計可徵稅收益的30%爲基礎計提稅務。
Sailfish Silver貸款利益衍生品淨虧損90萬美元,由於銀價大幅上漲。
向公司兩位前高管支付分手費30萬美元。
Growth
增長
$179K in exploration and evaluation expenses. This does not include an additional $1.4M of non-sustaining exploration invested during the quarter.
179,000美元的探礦和評估費用。這不包括季度內投資的額外140萬美元的非可持續性探礦。
Akiba Leisman, Chief Executive Officer, states that "Q2 2024 was another very strong quarter for Mako, with 12,313 ounces sold at $1,098/oz AISC. For the quarter, Mine OCF was $14.5 million, which increased cash and receivable balances by $2.4 million after the repurchase of $2.9 million in stock, while generating $8.8 million in net income. Over the last nine months, the mine has sold 35,061 ounces at $975/oz AISC, which generated $41.7 million of Mine OCF and $23.6 million in net income ($0.35/share). Over these three quarters, book value increased by $23.8 million despite an aggressive share repurchase program. The cash flow coming from the mine puts the Company into a very strong position to continue to explore the San Albino gold mine in Nicaragua and advance the Eagle Mountain gold project in Guyana."
首席執行官Akiba Leisman表示:「Mako 2024年Q2依然是一個非常強勁的季度,售出12,313盎司黃金,成本全包維持在1,098美元/盎司(AISC)。該季度礦業OCF爲1,450萬美元,回購了290萬美元的股票,將現金和應收帳款增加了240萬美元,同時實現了880萬美元的淨利潤。在過去的九個月中,該礦山已售出35,061盎司黃金,成本全包維持在975美元/盎司(AISC),並生成了4170萬美元的礦業OCF和2360萬美元的淨利潤(每股收益爲0.35美元)。儘管公司進行了積極的股票回購計劃,但在這三個季度中,帳面價值增加了2380萬美元。來自該礦山的現金流使公司處於非常強的地位,可以繼續探索尼加拉瓜的San Albino黃金礦和推進圭亞那的Eagle Mountain黃金項目。」
Table 1 - Revenue
表1-營業收入
Realized price before deductions from Sailfish gold streaming agreement
從Sailfish黃金流媒體協議實現的扣除前價格。
Table 2 - Operating and Financial Data
表2-運營和財務數據
Refers to a Non-GAAP financial measure within the meaning of NI 52-112). Refer to information under the heading "Non-GAAP Measures" as well as the reconciliations later in this press release.
Refers to a Non-GAAP ratio within the meaning of NI-52-112. Refer to information under the heading "Non-GAAP Measures" later in this press release.
Realized price before deductions from Sailfish gold streaming agreement.
是NI 52-112規定範圍內的非GAAP財務指標。請參考本新聞稿中「非GAAP措施」部分的信息,以及稍後的調解聲明。
是NI-52-112規定範圍內的非GAAP比率。請參考本新聞稿中「非GAAP措施」部分的信息。
Sailfish黃金流的收入扣除前實現價格。
Table 3 - EBITDA Reconciliation
表3-EBITDA調解
Refers to a Non-GAAP financial measure within the meaning of NI 52-112. Refer to information under the heading "Non-GAAP Measures" later in this press release.
屬於NI 52-112規定範圍內的非GAAP財務指標。請參考本新聞稿中「非GAAP措施」部分的信息。
Chart 1
圖1
Q2 2024 - Mine OCF Calculation and Cash Reconciliation (in $ millions)
2024年Q2-Mine OCF計算和現金對賬(以百萬美元計)
Refers to Non-GAAP financial measure within the meaning of NI 52-112. Refer to information under the heading "Non-GAAP Measures" later in this press release.
Includes all expenses incurred to sustain operations. Excludes Nicaraguan Taxes and Royalties, changes in Non-cash Working Capital, and Exploration expenses.
Includes US$0.2M Exploration Expense (Regional Exploration) + US$ 1.4M Mineral Property Exploration Investment
是NI 52-112規定範圍內的非GAAP財務指標。請參考本新聞稿中「非GAAP措施」部分的信息。
包括所有維持運營的支出。不包括尼加拉瓜稅收和版稅,非現金流動資本變動和勘探支出。
包括20萬美元的勘探費用(區域勘探)+ 140萬美元的礦產權勘探投資。
For complete details, please refer to the financial statements and the associated management discussion and analysis for the three months ended June 30th, 2024, available on SEDAR () or on the Company's website ().
有關詳細信息,請參閱截至2024年6月30日的財務報表和相關的管理討論與分析,可在SEDAR () 或公司網站 () 上獲取。
Non-GAAP Measures
非GAAP措施
The Company has included certain non-GAAP financial measures and non-GAAP ratios in this press release such as EBITDA, Adjusted EBITDA, Mine Operating Cash Flow cash cost per ounce sold, total cash cost per ounce sold, AISC per ounce sold. These non-GAAP measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. In the gold mining industry, these are commonly used performance measures and ratios, but do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's underlying performance of its core operations and its ability to generate cash flow.
公司在本新聞稿中包含了某些非GAAP財務指標和非GAAP比率,例如EBITDA、調整後的EBITDA、礦山營業現金流銷售成本每盎司、總現金成本每盎司、每盎司的AISC。這些非GAAP指標旨在提供額外信息,不應單獨考慮或視爲依據按照IFRS編制的績效指標的替代品。在黃金採礦行業,這些指標和比率是常用的績效指標,但在IFRS指定的標準化含義下不具有任何標準化的含義,因此可能與其他發行人不可比較。該公司認爲,在按照IFRS編制的傳統指標之外,某些投資者使用這些信息來評估公司核心業務的基本表現和其產生現金流的能力。
"EBITDA" represents earnings before interest (including non-cash accretion of financial obligation and lease obligations), income taxes and depreciation, depletion and amortization.
"EBITDA"代表營業利潤之前的利潤(包括無現金加速的金融債務和租賃債務),所得稅和折舊,減值和攤銷。
"Adjusted EBITDA" represents EBITDA, adjusted to exclude exploration activities, share-based compensation and change in provision for reclamation and rehabilitation.
"調整後的EBITDA"代表調整後的EBITDA,不包括探礦活動,按股份計算的補償和回收和修復撥備的變化。
"Cash costs per ounce sold" is calculated by deducting revenues from silver sales and dividing the sum of mining, milling and mine site administration cost.
「每售出盎司的現金成本」是通過將白銀銷售收入扣除,然後將採礦、磨礦和礦山管理費用相加進行計算的。
"AISC per ounce sold" includes total cash costs (as defined above) and adds the sum of G&A, sustaining capital and certain exploration and evaluation ("E&E") costs, sustaining lease payments, provision for environmental fees, if applicable, and rehabilitation costs paid, all divided by the number of ounces sold. As this measure seeks to reflect the full cost of gold production from current operations, capital and E&E costs related to expansion or growth projects are not included in the calculation of AISC per ounce. Additionally, certain other cash expenditures, including income and other tax payments, financing costs and debt repayments, are not included in AISC per ounce.
「每售出盎司的AISC」包括總現金成本(如上所定義),並將G&A、持續資本和某些勘探和評估(「E&E」)成本、持續租金支付、如適用的環保費用撥備和支付的修復成本相加,然後再按售出盎司數目進行劃分。由於這個指標旨在反映當前運營中金的全部生產成本,所以與擴展或增長項目相關的資本和E&E成本不包括在每售出盎司的AISC計算中。此外,某些其他現金支出,包括收入和其他稅款、融資成本和債務償還款項,不包括在每售出盎司的AISC中。
"Mine OCF" represents operating cash flow, excluding Nicaraguan taxes and royalties, changes in non-cash working capital and exploration expenses.
"礦山OCF"代表操作現金流,不包括尼加拉瓜稅收和特許權稅,非現金流動資本和勘探費用的變化。
On behalf of the Board,
代表董事會,
Akiba Leisman
Chief Executive Officer
Akiba Leisman
首席執行官
About Mako
關於Mako
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
Mako Mining Corp.是一家上市的黃金採礦、開發和勘探公司。該公司在尼加拉瓜的Nueva Segovia開採高品位的San Albino金礦,該金礦是全球品位最高的露天金礦之一。Mako的主要目標是盈利地經營San Albino,並資助對其地區規模的土地包裹上的具有前景的目標進行勘探。
For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 917-558-5289, E-mail: aleisman@makominingcorp.com or visit our website at and SEDAR .
更多信息請訪問馬克礦業公司網站或SEDAR,聯繫CEO Akiba Leisman,電話:917-558-5289,電子郵件:aleisman@makominingcorp.com。
Forward-Looking Information: Some of the statements contained herein may be considered "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as, without limitation, "estimate", "project", "believe", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" or variations thereon or comparable terminology. The forward-looking information contained herein reflects the Company's current beliefs and expectations, based on management's reasonable assumptions, and includes, without limitation, that the Company expects record gold ounces recovered, gold ounces sold, Adjusted EBITDA, Mine OCF and Net Income, with record low Cash Costs, Total Cash Costs and AISC in Q2; rapidly repaying debt while the Company aggressively repurchases shares through its newly instituted NCIB; Mako's primary objective to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, changes in the Company's exploration and development plans and growth parameters and its ability to fund its growth to reach its expected new record production numbers; unanticipated costs; the October 24 measures having impacts on business operations not current expected, or new sanctions being imposed by the U.S. Treasury Department or other government entity in Nicaragua in the future; and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR at . Such information contained herein represents management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with information regarding the Company's Q2 2024 financial results and may not be appropriate for other purposes. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
前瞻信息:本文中的某些陳述可能被視爲適用證券法的「前瞻信息」。前瞻性信息可以通過諸如「估計」、「項目」、「相信」、「預計」、「意圖」、「期望」、「計劃」、「預測」、「可能」或「應該」之類的用語及其變體或類似術語來識別。本文中的前瞻性信息反映了公司根據管理層合理的假設所持有的當前信念和期望,包括但不限於公司預計Q2創紀錄的金盎司回收量、金盎司銷售量、調整後的EBITDA、礦山OCF和淨利潤,以及創紀錄的低現金成本、總現金成本和AISC;公司在積極進行的NCIB計劃下迅速償還債務,Mako的主要目標是在其區域尺度的土地包上以盈利的方式經營San Albino併爲有前途的目標進行勘探資金。這樣的前瞻性信息受到各種風險和不確定性的影響,可能導致實際事件或結果與前瞻性信息中反映的不同,在未來可能會對業務運營產生影響的十月24措施,或美國財政部或其他尼加拉瓜政府實體未來實施新制裁。並且在SEDAR的公開披露文件中披露的其他風險和不確定性。此處所包含的信息代表管理層截至本文撰寫日期的最佳判斷,基於當前可用信息,幷包括旨在向投資者提供有關公司Q2 2024財務業績的信息,可能不適合其他目的。Mako不承諾更新任何前瞻性信息,除非按照適用證券法規定。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其監管服務提供者(如TSX Venture Exchange的政策所定義的那樣)對此發佈的充分性或準確性不承擔任何責任。
SOURCE: Mako Mining Corp.
來源:Mako Mining Corp。
譯文內容由第三人軟體翻譯。