Mr. Olmsted has been an executive in the gold mining industry for the past 20 years and has been active in the mining industry for over 30 years. Most recently he served as Senior Vice President of Corporate Development at IAMGOLD Corp. From 2003 to 2014 Paul was responsible for IAMGOLDs acquisition and divestiture program to achieve its strategic growth objectives. He was instrumental in the technical evaluation, financial analysis and structuring for the significant corporate transactions undertaken during his tenure. In 1996, Mr. Olmsted joined Repadre Capital Corp., a royalty resource company, and was responsible for corporate development activities until IAMGOLDs acquisition of the company in 2003. From 1991 to 1996, Mr. Olmsted was part of Bank of Nova Scotia’s corporate lending group specializing in mining finance. Mr. Olmsted holds a B.Sc. in Mining Engineering and an MBA.
Replay transcript excerpt
Speaker 1: Hello, everyone, and welcome to Superior Gold's live investment summit today, hosted by 6. Today, I'm joined by President and Chief Executive Officer Chris Jordan. Chris is going to walk us through a company presentation, and after we'll move on to a live Q&A session where we'll be accepting some questions. You can submit your questions using the Q&A panel found on the right hand side of your screen at any time. And as always, the summit is being recorded and we'll be able to watch afterwards on six.com. Speaker 2: Without further ado, Chris, I'd like to hand things over to you to kick things off. So good day to everyone and thank you for joining me to get an update of Superior Gold's Q2 production results and outlook for the 2nd half of 2022. Speaker 2: As a reminder, please refer to slide 2 of our presentation, which is posted on our website to view our cautionary language regarding forward-looking statements. Speaker 2: I think I'd like to jump in straight away with a few highlights of the 2nd quarter. Speaker 2: Safety performance continued to improve marketly and truffle went down to 20 or 24% Speaker 2: since December 2021. Speaker 2: Production was 15, 196 Speaker 2: ounces of gold with sales of 16, 726 Speaker 2: of ounces of gold at a realized price Speaker 2: of $1, 877 Speaker 2: per ounce. Gold ounces produced were 20% lower Speaker 2: than Q2 2021 Speaker 2: with a decrease mainly a result of processing lower grade ore and the shift in the mining activity from the platonic use and perch open pits to the development of the main pit deeps project, which was impacted by heavy rainfall during the quarter. Speaker 2: Total cash costs were $1, 748 Speaker 2: per ounce sold and all in sustaining costs $1, 921 Speaker 2: per ounce sold. Speaker 2: Up ...
