Manh Choh Reports Q1 Gold Sales of 26,710 Ounces
Reports Q1 26,710 oz. of gold and 50,142 oz. of silver sold. CEO Rick Van Nieuwenhuyse stated, "Q1 2026 was a period of significant operational transition and strategic growth. At Manh Choh, while harsh winter conditions and operational challenges impacted Q1 throughput and costs, we are pleased to report that we are now entering a high-production phase; we expect ore tons processed and ore grade processed to increase for the remainder of the year, as we transition into the higher-grade portions of the South Pit. Manh Choh remains on track to meet our 2026 guidance of 40K-45K ounces of gold production, which will set the stage for 2027, which we are guiding to 75K-80K ounces of gold production with cash costs of $1,200 to $1,300 per ounce sold and all-in sustaining costs of $1,300 to $1,400 per ounce sold. With this momentum, our cost guidance for the year remains firm. During the quarter we received a $9M cash distribution from the Peak Gold JV. Our cash on hand for the end of the quarter was $97.5 M an increase from $64.8 M at December 31, 2025. For 2026, we anticipate cash costs $1,900-$2,000 and all-in sustaining costs of $2,200-$2,300 per ounce of gold sold. Furthermore, we have strengthened our financial flexibility by reducing hedge contracts to 22K ounces and reduced our debt to $13.6 M, both of which we intend to fully settle by year-end."
