TSX:SGR.UN - Post by User
Comment by
flintabatteyon Jan 10, 2012 1:48pm
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Post# 19387022
RE: Total cash costs in the third quarter of 2011
RE: Total cash costs in the third quarter of 2011 Drag our Leaf Icon above to your taskbar to bookmark TGAM in Internet Explorer 9.
Let's try again for the Q3 excerpt where those numbers were released; Q4 will be even better!
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.