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2019 Outlook

Guidance Highlights

  • Silver equivalent production to decrease by 10% from 2018; however technical improvements underway
  • Guanacevi will return to profitability through the development of two new ore bodies
  • Decreased capital budget due to lower sustaining capex at El Cubo
  • Decreased exploration budget due to shift towards growth projects
$ millions unless otherwise stated, US dollars Guanacevi Bolanitos El Cubo El Compas ⁽¹⁾ Consolidated
Silver Production (M oz) 2.5 - 2.9 0.8 - 1.0 1.0 - 1.2 0.1 - 0.1 4.4 - 5.2
Gold Production (K oz) 6.2 - 6.8 19.5 - 21.5 11.5 - 12.9 9.0 - 11.0 46.2 - 52.2
Silver Eq Production (M oz) ⁽²⁾ 3.0 - 3.4 2.4 - 2.7 1.9 - 2.3 0.8 - 1.0 8.1 - 9.4
Cash Costs, net of gold by-products (US$/oz) ⁽³⁾⁽⁴⁾ $8.50 - $9.50
AISC, net of gold by-products (US$/ oz) ⁽³⁾⁽⁴⁾ $15.00 - $16.00
Capital Budget $20.6
Exploration Budget $9.8
  1. El Compas is scheduled to achieve commercial production in Q1, 2019.
  2. Gold ounces converted to silver equivalent ounces on a 80:1 ratio in 2019
  3. Cash costs per ounce and AISC per ounce are examples of Non-IFRS measures. See disclosure in quarterly MD&A for information on “Non-GAAP” measures found on the company website.
  4. See EDR News Release dated January 24, 2019 for full disclosure on 2019 Guidance; 2019 costs forecasts reflect an 20:1 Mexican Peso per US Dollar exchange rate, $15.50/ oz Ag & $1,240/ oz Au price assumption.