The Company anticipates it will produce between 210,000 and 250,000 GEOs during 2021 at a cash cost of between $950 and $1,050 per gold ounce sold and an all-in sustaining cost (“AISC”) of between $1,250 and $1,350 per gold ounce sold (see “Non-IFRS Measures” section).
Consolidated 2021 GEO Production and Cost Guidance
(1) GEOs are based on a conversion ratio of 80:1 silver to gold for 2020 and 85:1 for 2021. The silver to gold ratio is
based on the three-year trailing average silver to gold ratio.
(2) Assumes exchanges rates of MXN:USD of 20:1 and CAD:USD of 1.3:1.
(3) Please refer to section "Non-IFRS Measures" here
2021 Capital Guidance ($M)(1)
The Company plans to invest between $255 million and $275 million in capital expenditures during 2021 with approximately 80% being expansionary capital (primarily for the construction of the Magino Gold mine) and 20% being sustaining capital.
(1) Assumes exchanges rates of MXN:USD of 20:1 and CAD:USD of 1.3:1.