Luna Gold Announces Q2, Half-year results

Luna Gold Corp. (TSX:LGC,OTCQX: LGCUF) announced its second quarter and half year financial and operating results. The company recorded a net income of $100,000 for the quarter.

As quoted in the press release, highlights from the company’s results included:

  • Revenue of $16.1 million, including sales to Sandstorm;
  • Gold sales and production of 13,882 ounces and 14,262 ounces respectively;
  • Total cash cost of production of $1,140, All-in sustaining cost of production of $1,297, All-in cost of $1,484 per ounce of gold produced;
  • Cash flow from operating activities before changes in non-cash working capital of $(0.20) million ($0.00 per share);
  • Net income of $0.10 million ($0.00 per share); and
  • After closing the Sandstorm Gold Ltd. (“Sandstorm”) strategic investment in Luna, the Company has a cash balance of approximately $35.5 million and 6,700 ounces of finished gold inventory.

Click here to read the Luna Gold Corp. (TSX:LGC) press release

See this press release on Marketwire