RE:restartAny accountants out there...
- Gold production from New Liberty of 8,274 ounces for the quarter prior to the suspension of gold processing operations;
- Revenues of US$14.7 million from gold sales of 11,731 ounces;
- Operating cash costs of US$1,253 per ounce sold prior to the process plant suspension. Including operating costs incurred during the period of process plant suspension operating cash costs of US$1,660 and all-in sustaining cash costs of US$1,894 per ounce sold;
Gold production of 8274 ozs prior to shut down but revenues from 11,731... that would be the 8,274 ozs plus the ~3,500 ounces for 11,774 ounces ...so it was actually slightly less than 3500 ounces..
Revenue of $14.7 million from 11,731 ounces sold $1253 per oz.... Operating cash costs are 1253 per oz so absolutely ZERO profits.... this does not look good!!
AISC of $1894/oz sold..... that SUX!!!
BUT don't panic....this will somehow all miraculously improve once that plant is running.
So still down one and a half pennies and over 5Million shares dumped today so far..... would love to know who is buying.... cheap way for MNG to get even more shares before take out offer... unless someone else has better read....this blows!!
chillyballs....still out!! Maybe forever out!!!
NEWLIBERTY wrote: they have sold 3,500 ounce gold since restart it is running they have had to stop and restart
well they get it working properly
we do not no when they started it up
and they last 15 million was not in the q2 as it came in injuly 15