Atlantic is focused on growing gold production in Nova Scotia beginning with its MRC phase one open pit gold mine which declared commercial production in March 2018, and its phase two Life of Mine Expansion which will ramp up gold production to + 200,000 ounces per year at industry lowest quartile cash and all-in-sustaining-costs (as stated in the Company’s news releases dated January 19, 2018 and January 29, 2018).
Phase 1 Life of Mine production guidance for 2018 is between 82,000-90,000 oz. gold at All-In-Sustaining-Costs (AISC) between $CAD675/oz.-$735/oz. (US$540-588/oz.) as stated in the Company’s news release (January 19, 2018).
The Phase 2 Life of Mine Expansion will have gold production ramping up to + 200,000 ounces per annum at industry lowest quartile cash costs and all-in sustaining cash cost (AISC) of CAD$692/oz. Au (USD$555/oz. Au) as stated in the Company’s news release (January 29, 2018).
The company’s planned future development of the region will be based on a central processing facility concept with staged integration of satellite deposits into the production schedule and staged capital expenditures for expansion opportunities managed with cashflow from operations at Touquoy and additional debt capacity as a long term low cost gold producer.
The Phase 3 expansion drill programs recently completed at the Fifteen Mile Stream and Cochrane Hill deposits were designed to target extensions of mineralization and define / upgrade inferred resources not included in the 2018 PFS to measured and indicated categories.
A Phase 4 corridor regional program commencing in April 2018 will systematically explore the + 45km corridor of prospective un-tested structure targeting the Atlantic model for disseminated style gold deposits amenable to open pit mining.
Shareholder alignment: Board & Management own +35%
Lowest quartile for both cash costs and all-in sustaining costs
Phase 2 Life of Mine Expansion boosts annual gold production above 200,000 ounces
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.