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BRIEF-Guyana Goldfields Reports Q4 Loss Per Share Of C$1.40

Published 2020-05-07, 06:33 p/m
GUY
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May 7 (Reuters) - Guyana Goldfields Inc GUY.TO :

* REPORTS 2019 FOURTH QUARTER AND FULL YEAR RESULTS AND PROVIDES CORPORATE UPDATE

* Q4 LOSS PER SHARE C$1.40

* QTRLY PRODUCTION 28,300 OUNCES OF GOLD IN Q4 OF 2019

* REVENUE $38.9 MILLION IN Q4 OF 2019

* ALL-IN SUSTAINING COST $1,584 PER OUNCE IN Q4 OF 2019

* NON-CASH IMPAIRMENT CHARGE OF $235.0 MILLION IN Q4 OF 2019

* COMMENCED A CONCURRENT REVIEW OF STRATEGIC ALTERNATIVES IN Q1 OF 2020

* PRODUCTION, PRIOR TO CARE AND MAINTENANCE, IS ESTIMATED TO TOTAL APPROXIMATELY 35,000 TO 45,000 OUNCES IN FIRST HALF OF 2020

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