Re : Cost per ounce MD&A For the Quarter and Nine Month Period Ended January 31, 2013
Operating costs for the quarter were $288 per ton of ore ($954 per ounce of gold), compared with $360 per ton ($1,253 per ounce) in Q2/13, and $291 per ton ($908 per ounce) in Q3/12. Short term variances are primarily caused by fluctuations in ore grade and the amount of gold in inventory between the periods