Harte Gold Announces Q3 2019 Results

November 14, 2019

Toronto, ON: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) today announced financial and operational results for the three and nine months ended September 30, 2019 (“Q3”).

Third Quarter Highlights

  • Strong Safety and Environmental performance: no lost-time injuries reported for the quarter
  • Mine production growth: mined tonnes and processing tonnes improved by 9% and 6% respectively
  • Revenue growth: revenues increased 22% from the previous quarter to $14.5 million
  • Production costs stable: mining and underground development, processing costs, site G&A and corporate costs were similar to the previous quarter
  • Mine EBITDA was $(0.7) million, lower than the previous quarter after adjusting for inventory movements on timing of sales
  • All in sustaining (“AISC”) costs of US$2,304/oz were higher due to lower than expected production over the quarter
  • A net loss of $(15.2) million or $(0.024) per share was an improvement over second quarter losses of $(25.9) million of $(0.043) per share