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Our assets are in Türkiye, Greece and Canada. In Türkiye, we operate two gold mines located in the western region, Kişladağ and Efemçukuru. In Greece, our Olympias mine is a polymetallic mine that produces gold, silver, lead, and zinc, located in the Halkidiki Peninsula. In Canada, we operate the Lamaque Complex in Val-d'Or, Quebec. 

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Q1 2023

Q2 2023

Q3 2023

Q4 2023

FY 2023

2024 Outlook

Ounces produced

112,533

109,435

121,030

143,166

485,139

505,000 – 555,000

Ounces sold

109,817

110,134

119,200

144,827

483,978


Total cash costs ($/oz) 1

766

791

698

716

743

840 – 9403

All-in sustaining costs ($/oz) 1

1,184

1,296

1,177

1,207

1,220

1,190 – 1,2903

Growth capital expenditures ($M) 1

24.1

29.0

29.1

40.9

121.8

497 – 569

Sustaining capital expenditures ($M) 1,2

24.8

26.1

31.8

37.9

121.8

135 – 160

Kişladağ, Türkiye

 

 

 

 

 

 

Gold ounces produced

37,160

34,180

37,219

46,291

154,849

180,000 – 195,000

Gold ounces sold

37,393

32,280

38,732

46,051

154,456


Tonnes processed

3,134,716

3,029,900

3,620,640

3,434,911

13,220,164

13,200,000 – 13,700,000

Grade (grams / tonne)

0.70

0.76

0.85

0.78

0.78

0.7 – 0.8

Total cash costs ($/oz) 1

708

687

622

623

657

820 – 920

All-in sustaining costs ($/oz) 1

875

937

884

909

900

890 - 990

Growth capital expenditures ($M) 1

18.6

18.7

18.6

27.8

83.7

85 – 95

Sustaining capital expenditures ($M) 1

2.2

2.8

5.5

5.6

16.0

10 – 15

Lamaque Complex, Canada

 

 

 

 

 

 

Gold ounces produced

37,884

38,745

43,821

56,619

177,069

170,000 – 190,000

Gold ounces sold

38,643

39,904

40,908

57,040

176,495


Tonnes milled

199,956

192,087

198,439

248,246

838,419

880,000 – 910,000

Grade (grams / tonne)

6.06

6.43

7.04

7.36

6.76

6.3 – 6.8

Total cash costs ($/oz) 1

721

676

624

580

643

700 - 800

All-in sustaining costs ($/oz) 1

1,217

1,117

1,099

977

1,089

1,180 – 1,280

Growth capital expenditures ($M) 1

2.7

4.9

8.5

8.1

23.3

17 – 22

Sustaining capital expenditures ($M) 1,2

17.8

16.2

18

20.7

72.7

85 – 95

Efemçukuru, Türkiye

 

 

 

 

 

 

Gold ounces produced

19,928

22,644

21,142

22,374

86,088

75,000 – 85,000

Gold ounces sold

19,751

22,466

21,364

22,497

86,078


Tonnes milled

132,989

138,159

138,045

137,987

547,089

540,000 – 550,000

Grade (grams / tonne)

5.45

5.85

5.46

5.81

5.64

5.0 – 5.5

Total cash costs ($/oz) 1

869

697

817

816

797

1,080 – 1,180

All-in sustaining costs ($/oz) 1

1,094

1,111

1,205

1,201

1,154

1,290 – 1,390

Growth capital expenditures ($M) 1

1.9

1.6

1.1

2.2

6.7

6 – 9

Sustaining capital expenditures ($M) 1,2

2.2

3.7

3.7

4.4

14.0

18 – 26

Olympias, Greece

 

 

 

 

 

 

Gold ounces produced

17,561

13,866

18,848

17,882

67,133

75,000 – 85,000

Gold ounces sold

14,030

15,484

18,196

19,239

66,949


Tonnes milled

104,382

110,140

124,705

114,895

454,122

490,000 – 510,000

Grade (grams / tonne)

9.13

7.31

8.33

8.70

8.23

8.0 – 9.0

Total cash costs ($/oz) 1

898

1,439

885

1,224

1,133

980 – 1,080

All-in sustaining costs ($/oz) 1

1,355

2,036

1,319

1,872

1,688

1,280 – 1,380

Growth capital expenditures ($M) 1

0.9

3.7

0.9

3.0

7.4

14 – 18

Sustaining capital expenditures ($M) 1

2.5

3.4

4.7

7.2

19.0

45 - 51

By-product credits ($M)4

18.1

15.0

21.6

21.9

77.3

N/A

Note: All amounts are in US$ unless otherwise indicated.

1These financial measures or ratios are non-IFRS financial measures or ratios. Certain additional disclosure for non-IFRS financial measures and ratios have been incorporated by reference and additional detail can be found at the end of this press release and in the section 'Non-IFRS and Other Financial Measures and Ratios' in the Company's December 31, 2023 MD&A.
2Includes capitalized exploration at Lamaque and Efemcukuru.
3Totals may not add based on the averaging of costs.
4Revenue from silver, lead and zinc sales.


Metals Produced
As at December 31, 2023
Gold91.2%
Silver3.2%
Copper0%
Lead2.1%
Zinc3.5%