GREY:OLEPF - Post by User
Post by
tony1969on May 15, 2013 9:46am
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Post# 21393728
TGZ had a nice q1. They made a ....
TGZ had a nice q1. They made a .... profit of $45 million (.18 per share) selling gold at an average of $1090. This company has their costs under control. Some producers have an all in cost of $1200 to $1300 and these guys are making huge profits at $1090 gold. I wonder what their all in costs are? I am guessing maybe $850 to $900 per ounce. Pretty impressive and it will only get better as far as much higher profits once TGZ and OLE become one. Congrats to TGZ for keeping their costs low and running an efficicient operation. Now it is time to extend their mine life and exploit their low cost structure to the max.