Second Quarter Financial Results Recap and H2 Outlook

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Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:07] 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. [00:30] 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. [00:42] 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. [00:52] Speaker 2: I think I'd like to jump in straight away with a few highlights of the 2nd quarter. [00:58] Speaker 2: Safety performance continued to improve marketly and truffle went down to 20 or 24% [01:04] Speaker 2: since December 2021. [01:06] Speaker 2: Production was 15, 196 [01:08] Speaker 2: ounces of gold with sales of 16, 726 [01:13] Speaker 2: of ounces of gold at a realized price [01:16] Speaker 2: of $1, 877 [01:18] Speaker 2: per ounce. Gold ounces produced were 20% lower [01:21] Speaker 2: than Q2 2021 [01:24] 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 rainf...