Net Income Adj $3.8m or $0.19 EPS, Raised GuidanceNet Income (adj) $3.8 million, or $0.19 EPS.
$2.3m Excess Cash
Adjusted for non-cash charge for debentures that happen every quarter which is not relevant to cash.
Record Oct. Production of 16,995 oz, higher than Sep. record of 16,664 oz.
That is over 200k oz/yr rate.
Raised guidance to 165k oz - 170k oz.
Bought back $0.7m of 2020 Debentures at a discount + $3m at par.
Total Equity increased by $9m from previous quarter.
Inventories increased from Q2 $12.2m to Q3 $15.8m
Q3 they sold 3k oz less than they produced. Numbers would have been better if they sold all produced. That 3k oz in inventory will add to Q4 oz sold and higher earning.
Not bad for a Q with disruption. Q4 is on track to be a record Q, and on track for 200k oz in 2018.