RE: RE: RE: Operational Update Aug 14th... "The company achieved revenue of $5.9-million in the first quarter of fiscal 2013, on sales of 3,280 gold equivalent ounces. "
June 26th... "Gryphon Gold Corp. poured and shipped 1,464 equivalent gold ounces in the month of May achieving more than half of its monthly target production rate within the first two full months of production."
May 1st... "We have made progress over the last three months moving beyond our start-up production challenges to producing 3,122 ounces of dore in April. At this level, we estimate that we will be able to cover our fixed costs and generate sufficient cash to begin to strengthen our balance sheet, increase our assets and invest in expanded production capacity."... previoulsy told 1000 oz Au would be required to break even... therefore April production was somewhere higher than 1000 oz... for simplicity say 1000 oz Au in April.
SO... 3300 oz for Q1 (Apr-Jun)... 1400 oz in May... >1000 oz Au in April... That leaves ~900 oz Au for June production. Should not be this hard to figure out. Would be nice to see chart like SGN released today to confirm production rates. I guess we wait until mid-Nov financials.
That said... they did just confirm 3x capacity and additional carbon columns so that should increase production markedly. I will wait to see.