{"id":1099776,"date":"2019-02-13T23:05:32","date_gmt":"2019-02-13T23:05:32","guid":{"rendered":"http:\/\/www.mining.com\/?p=970204"},"modified":"2019-02-13T23:05:32","modified_gmt":"2019-02-13T23:05:32","slug":"dundee-ups-2018-revenue-net-earnings","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1099776","title":{"rendered":"Dundee ups 2018 revenue, net earnings"},"content":{"rendered":"<p>Dundee Precious Metals\u00a0offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of gold produced was $659. (All monetary figures are U.S. dollars.)<\/p>\n<p>For the full year, metal production totaled 201,095 oz. of gold and 36.7 million lb. of copper. The smelter at the Chelopech project in Bulgaria achieved a record throughput of 232,043 tonnes, in line with guidance, and it generated a positive cash flow.<\/p>\n<p>Dundee expects to continue its profitable operating trend into 2019. The Krumovgrad gold mine (also in Bulgaria) is targeted for production in the first quarter.<\/p>\n<p>The company gave the following guidance for 2019:<\/p>\n<ul>\n<li>Ore mined: 2.54 million to 2.79 million tonnes;<\/li>\n<li>Payable metals in concentrates sold: 191,000 to 237,000 oz. of gold and 32 million to 37 million lb. of copper;<\/li>\n<li>AISC per ounce of gold $675 to $820;<\/li>\n<li>Exploration expenses: $12 million to $14 million;<\/li>\n<li>Sustaining capital expenditures: $38 million to $46 million; and<\/li>\n<li>Growth capex: $29 million to $34 million.<\/li>\n<\/ul>\n<p>The company also has an exploration projects in Canada and three in Serbia.<\/p>\n<p><em>This story first appeared at <a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noopener\">Canadian Mining Journal<\/a>.<\/em><\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/dundee-ups-2018-revenue-net-earnings\/\">Dundee ups 2018 revenue, net earnings<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/dundee-ups-2018-revenue-net-earnings\/\">Dundee ups 2018 revenue, net earnings<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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