Superior Gold Inc. (SUPGF) Q1 2020 Earnings Conference Call May 12, 2020 10:00 AM ET
Company Participants
Chris Bradbrook - President and CEO
Paul Olmsted - CFO
Conference Call Participants
Ian Parkinson - Stifel GMP
Ian Parkinson - Stifel
Operator
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Superior Gold's First Quarter 2020 Results Conference Call. [Operator Instructions] As a reminder, this conference call is being broadcast live on the Internet and recorded.
I would now like to turn the conference call over to Chris Bradbrook, President and Chief Executive Officer. Please go ahead, Mr. Bradbrook.
Q - Chris Bradbrook
Good morning and thank you for joining us to discuss Superior Gold's first quarter 2020 results. I hope you and your families are all well. Before we get started, as a reminder, I would like to ask everyone to refer to the Slide 2 of our presentation, which is posted on our website, to view our cautionary language regarding forward-looking statements. I will now discuss the results of the quarter.
During the first quarter, we produced 16,351 ounces of gold, exceeding our quarterly guidance despite a number of one time unexpected events that impacted the Plutonic
Gold operations. We sold 16,850 ounces of gold at a record realized gold price of $1,570/oz U.S. Total cash cost due in the quarter were $1,291 ounce and all-in sustaining costs were $1,416 per ounce, all the numbers will be U.S. unless otherwise stated.
During the quarter we announced positive drill results from the area between the Indian and Baltic Zones which continues to demonstrate the potential to expand the [organization]. Finally as a result of the progress made with the global resource recalculation we have decided to include it as part of our 2019 year end reserves and result estimates this
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