(Kitco News) - On Wednesday, Ten Sixty Four (ASX: X64) informed that production from the Co-O gold mine in the Philippines in FY22 (fiscal year ended June 30, 2022) was 89,789 ounces, at the top end of the company's guidance range.
The company said it updated its FY22 guidance to 87,000 – 90,000 ounces at an average all-in sustaining cost of US$1,350 – US$1,400 per ounce in April 2022.
Commenting on the achievement of FY22 production guidance, Executive Chairman Jeffery McGlinn said, "Our team at Co-O has done a commendable job in mitigating the impact the pandemic has had on supply chains and local logistics. We are proud to have continued to extend our strong record of consistent delivery from Co-O and have good momentum moving into FY23."
Ten Sixty Four is a high-grade gold producer which operates the Co-O gold mine in the Philippines and is exploring Queensland's Drummond Basin. The company indicated it has no long term debt and is targeting new growth opportunities in Australasia.
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