RE: Why does FC refuse to answer question? Preliminary quarter and year end results are just that, preliminary. Yes they can add up the revenues received from gold sales, easy-peasy, but it will take almost 3 months to determine the rest of the company's financial data, just like any other operational entitiy that is a reporting issuer and publically trading. So grow a brain and if you want to bash, at least challenge us and make up some excuse remotely believable...... Here is the data you seek from Q3, extrapolate and recognize how higher grades drop the costs further.
Third Quarter 2011 Highlights:
-- For the first time in history, the Company reported unadjusted positive quarterly net income of $1.0 million. -- Recognized record revenue of $32.9 million on gold sales of 18,867 ounces at a realized price of $1,743 per ounce. -- Generated cash flow from operations before changes in working capital of $9.8 million. -- Generated record operating income from operations of $12.1 million. -- Reported total cash costs of $769 per ounce of gold sold, below annual guidance of $825 per ounce. -- Realized a cash operating margin of $974 per ounce of gold sold. -- Achieved average mill throughput of 1,324 tons per day.
Subsequent to quarter-end, the Company:
-- Maintained full-year production guidance of 80,000 ounces and reduced its full-year total cash cost guidance to less than $800 per ounce. -- Provided 2012 gold production guidance of 100,000 ounces and preliminary projected guidance for 2013 of 120,000 ounces.