The Company used $30,460,554 for investing activities during the fourth quarter, which include $24,499,905 for underground development and resource definition at Cosmo and Fosterville and $5,338,902 for the purchase of plant and equipment, which related largely to infrastructure at Cosmo as it ramps up to commercial production. Other cash expenditures during the fourth quarter included $1,734,512 in equipment loan repayments and $2,471,448 to settle gold swap transactions entered into in conjunction with the company's credit facility with Credit Suisse.
The Company is in the process of preparing its detailed financial statements, which will be audited and released as part of the Company's audited Annual financial statements for the year ended December 31, 2012, together with the accompanying Management Discussion and Analysis, which will be filed on SEDAR by April 2, 2013.
Q4 - 2012 Operational Highlights
---------------------------------------------------------------------------- Year Ending December 31,Northern Territory Q4 2012 Q3 2012 Q2 2012 Q1 2012 2012----------------------------------------------------------------------------Ore Milled (Tonnes) 225,055 99,135 221,573 371,439 917,202----------------------------------------------------------------------------Average Grade (g/t Au) 1.95 2.51 1.515 0.99 1.51----------------------------------------------------------------------------Recovery 90.7% 92% 91% 92% 92%----------------------------------------------------------------------------Gold Produced (Ounces) 12,829 7,356 9,614 10,932 40,731----------------------------------------------------------------------------Gold Sold (Ounces) 11,427 8,182 8,950 10,900 39,459-------------------------------------------------------------------------------------------------------------------------------------------------------- Year Ending Q2 Q1 December 31,Fosterville Gold Mine Q4 2012 Q3 2012 2012(i) 2012(i) 2012----------------------------------------------------------------------------Ore Milled (Tonnes) 207,838 183,854 202,785 192,094 786,571----------------------------------------------------------------------------Average Grade (g/t Au) 4.76 4.68 4.11 3.79 4.36----------------------------------------------------------------------------Recovery 83.8% 83% 83% 76% 82%----------------------------------------------------------------------------Gold Produced (Ounces) 26,650 22,857 22,546 18,387 90,439----------------------------------------------------------------------------Gold Sold (Ounces) 24,932 24,158 22,369 19,403 90,861-------------------------------------------------------------------------------------------------------------------------------------------------------- Year Ending Q2 Q1 December 31,Stawell Gold Mine Q4 2012 Q3 2012 2012(i) 2012(i) 2012----------------------------------------------------------------------------Ore Milled (Tonnes) 218,485 225,666 192,800 213,066 850,017----------------------------------------------------------------------------Average Grade (g/t Au) 3.60 2.54 3.155 2.91 3.06----------------------------------------------------------------------------Recovery (%) 89.2 85% 85% 85% 86%----------------------------------------------------------------------------Gold Produced (Ounces) 22,669 15,750 17,226 16,957 72,602----------------------------------------------------------------------------Gold Sold (Ounces) 23,183 14,781 17,715 18,853 74,552----------------------------------------------------------------------------
