Post by
goldlocator on Oct 27, 2021 7:28am
Q3 results
Aug 13 they reported 3730 ounces for July. Headline Strong start to Q3. On Sept 7 they reported 5535 ounces. Between those two months the total is 9265, Now they are saying only 9260 for the entire Q3. Does not add up unless rather than producing anything they put 5 ounces back in Sept.
Clearly a mistake and I am sure they will correct it. But these NR drive the share price and they should be accurate.
Comment by
Scanner454 on Oct 27, 2021 7:48am
quote "highlights for the third quarter gold production of 9260 ounces...54% increase over 2nd qtr. in my view they are still having operational problems...the tell is by bringing Maryse Belanger to work/breathe/live full time at the madsen mine......who did she replace?
Comment by
Jeffus777 on Oct 27, 2021 7:49am
You are spot on. This has got me fired up today. I'm hoping it is a major downside mistake. I have emailed Adam Buchanan and Adrian O'Brien at Pure Gold for an explanation. Their H2 guidance was 27-32,000 oz 75 days ago, but is now 20,000oz.
Comment by
Jeffus777 on Oct 27, 2021 8:34am
It seems to me that they produced about 3.800 oz in August NOT the 5.535 oz that they previously reported that they 'poured', and a significant drop to about 1,730 oz in Sept with no explantaion as to why both the grade and the tpd dropped.
Comment by
Consvestor on Oct 27, 2021 9:40am
Where did the gold go? They have announced a lower total for q3 than previously announced for the first 2 months of the quarter??!!!?? WTF?
Comment by
timjim0417 on Oct 27, 2021 10:30am
So did they or did they not make 9,260 * 1700 USD/ounce = CAD $19,407,052 this quarter? Shouldn't that be enough cash coming in to pay for operations? How much is their operations costing?
Comment by
goldanalyst on Oct 27, 2021 10:52am
You're kidding right? You really think they made $1700 an ounce?
Comment by
timjim0417 on Oct 27, 2021 12:09pm
Idk that's why I asking? Price of gold is between 1700 - 1800 USD. How much of a margin is there when they sell it ?