2021 Guidance Highlights
Copper production guidance of 70 to 80 million pounds.
Gold production costs guidance of $475 to $525 per ounce.
All-in sustaining costs on a by-product basis
NG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface.
All-in costs on a by-product basis
NG guidance of $1,175 to $1,230 per ounce.
Total capital spending guidance of $430 to $480 million including capitalized stripping is higher than 2020 due to increased spending at Kumtor and Mount Milligan.
Total capitalized stripping guidance of $230 to $245 million including $220 to $230 million at Kumtor primarily for mining cut-back 20 and $10 to $15 million at Öksüt.
China Yuchai International Announces Unaudited Results of the Second Half Year and the Full Year Ended December 31, 2020
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( China Yuchai or the Company ), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited
( GYMCL ), announced today its unaudited consolidated financial results for the second half year
( 2H 2020 ) and the fiscal year
( FY 2020 ) ended December 31, 2020. The financial information presented herein for the second half year and fiscal year of 2020 and the second half year
( 2H 2019 ) and fiscal year
( FY 2019 ) ended December 31, 2019 is reported using the International Financial Reporting Standards
EBITDA is defined as operating income (loss) plus depreciation, amortization and impairment charges / (reversals). EBITDA includes severance charges of $37 million in 4Q 2020 and $28 million in 3Q 2020. If these charges were not included EBITDA would have been $229 million (20.3%) in 4Q 2020 and $135 million (13.4%) in 3Q 2020.
In the fourth quarter of 2020, our sales rose 12% sequentially driven by a gradual recovery in drilling activity in the Americas and a good mix of products sold in the Middle East. EBITDA, which included restructuring costs of $37 million and one-off gains of $17 million due to the reversal of a provision on a claim against the former IPSCO in Canada and the recovery of a tax credit in Brazil, rose 79% sequentially, reflecting a better industrial performance and the operating leverage of higher volumes on a lower fixed cost base after the restructuring measures implemented during the year. Net income benefited from a strong contribution from our investme
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