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Meeka Metals Posts Lower Gold Production in March Quarter

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-- Meeka Metals (ASX:MEK) produced 6,083 ounces of gold in the quarter ended March 31 at an all-in sustaining cost (AISC) of AU$4,146 per ounce, compared with 9,174 ounces and an AISC of AU$2,365 per ounce in the previous quarter, according to a Wednesday filing with the Australian bourse.

Year-to-date gold production was 22,405 ounces at an AISC of AU$2,771 per ounce.

Gold sales in the March quarter rose to 8,460 ounces at an average price of AU$6,732 per ounce, compared with 7,953 ounces sold in the previous quarter at an average price of AU$6,275 per ounce.

The company held AU$50.1 million in cash as of March 31 and had no debt.

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