Crocodile Gold Reports Operating Cash Flow of $18.3 Million TORONTO, ONTARIO--(Marketwired - Nov 12, 2013) - Crocodile Gold Corp. (CRK.TO)(TSX:CRK.DB)(CROCF)(XGC.F) ("Crocodile Gold" or the "Company") is releasing its financial and operating results for the three and nine months ended September 30, 2013. All figures are in U.S. dollars, unless stated otherwise.
Third Quarter 2013 Financial Highlights
- Crocodile Gold produced 55,206 ounces of gold from its three operating mines in the third quarter of 2013, a 14% increase over the 48,261 ounces from the second quarter, resulting in revenues of $78,201,622.
- Operating cash costs have decreased to $924 per ounce(1), down from $1,101 in the second quarter of 2013 as a result of higher and sustainable ounce production at Cosmo, productivity gains at Fosterville and a continued focus on cost reduction across all operations.......
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