Earnings per share of 0.35 cents for the first nine months of 2016. Cash holdings of US$3.12 million at 30 September 2016. Average gold price of US$1,256 received on gold sales in the first nine months of 2016. Negligible borrowings with secured debt facilities outstanding at 30 September of only US$1.4 million (30 June 2016: US$4.7 million) 2016 Guidance Forecast gold production for 2016 expected to be approximately 39,000 ounces. The Company maintains its cost guidance for the full year of an All-In Sustaining Cost of US$950 to US$985 per ounce reflecting the continued strength of the Brazilian Real with has appreciated by 19 per cent since March 2016. Operational Highlights Record quarterly gold production of 10,233 ounces for the third quarter of 2016 (Q2 2016 – 9,896 ounces). Mine production totalled 43,133 tonnes, a 28 per cent increase over the preceding quarter. 31,916 tonnes at a grade of 9.52 grammes per tonne (g/t) of gold from Palito. 11,217 tonnes at 9.88 g/t of gold from Sao Chico. 31,916 tonnes at a grade of 9.52 grammes per tonne (g/t) of gold from Palito. 11,217 tonnes at 9.88 g/t of gold from Sao Chico. 42,464 tonnes of ore processed through the plant for the combined mining operations at an average grade of 8.27 g/t including the processing of low grade stockpiles. 2,649 metres of horizontal mine development completed in the quarter with 1,607 metres completed at Palito and 1,042 metres at Sao Chico.
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