RE:Q1/18 NumbersTheRock077 wrote: Q1 will report about the middle of February.
We already know the production number, 304,000 of of silver eq.
Average price will be about $17.3 US pwer oz.
Operating costs will be reduced by $500,000 less in interest, due to all debt having been paid off.
In Q4/17, we had these numbers....
- Revenue of $4.44-million from 262,095 silver equivalent ounces, a realized price of $16.96 per silver equivalent ounce;
- Adjusted cash cost per ounce of silver, net of gold credits was $4.03;
- Adjusted cash cost per silver equivalent ounce was $10.18
- Produced 165,415 silver and 2,177 gold ounces, providing 353,370 silver equivalent ounces.
Q1 revenues should be about $6.75 million US.
Due to higher sales, with certain overhead costs fixed and including the $500,000 reduction in Interest charges, adjusted costs per silver oz equivalent should be just below $9 per oz equivalent.
Ie operating earnings ( cash flows before M & A ) should be about $3.25 million US.
Net earnings probably in the $1.2 million range..
Review to see if I have made any significant computational or input numbers..
Thank you for the info and the calculations. I am following this company for a while but I started to buy during the last days.
Business goes well, the numbers you provided proves it. It is a debt free growing company with experienced management at a very low price with almost no downside risk, in a sector on recovering mode. No brainer.
I will add again next week.