Rochester’s production increasing higher gold silver grades.Rochester (RCT.V) produced 305,186 ounces of silver for full year. Both silver and gold production increased from previous year (silver by 70,000)
Gold and Silver grades kept increasing all year. Rochester is a producer with five mine locations (fourth and fifth ramping up).
The CEO whose company (Luisman) was swallowed by Wheaton River (became a director) then bought by Goldcorp (Then he took the role of Executive Vice President of Goldcorp from March 2005 to September 2007). Institutionally held by Sprott, Mackenzie, U.S Global, Libra Funds, TD and a couple of others bought at higher prices.
Rochester has invested over $24 million into the operations and market cap is only $3 million. Two Dore bar induction furnaces to be installed at one of the five mine sites now on site. Rochester will produce 300,000 ounces of silver this coming fiscal year along with 3,500 to 4,500 ounces of gold.
Silver production and grades steadily increased per quarter throughout the year. New power grid and shorter haulage road at third (of 5 mine locations) at San Francisco being built. Silver grades at San Francisco (third mine) are as high as 815g/t (average 200 g/t to 400 g/t.).
| Revenues | $12,495,345 (2013) | $11,634,705 (2012) | $9,196,479 (2011) |
RESULTS
| Q2 Sep 2012 - Nov 2012 | Q3 Dec 2012 - Feb 2013 | Q4 Mar 2013 - May 2013 | Q1 Jun 2013 - Aug 2013 |
| Gold Grade | 1.25 g/t | 1.23 g/t | 1.43 g/t | 2.30 g/t |
| Silver Grade | 216.86 g/t | 249.43 g/t | 258.07 g/t | 265.18 g/t |
| Gold Produced | 620 Ounces | 592 Ounces | 745 Ounces | 1,179 Ounces |
| Silver Produced | 71,554 Ounces | 81,830 Ounces | 82,704 Ounces | 73,859 Ounces |
| Results | 2011 - 12 | 2012 - 13 |
| Gold Grade | 1.38 g/t | 1.43 g/t |
| Silver Grade | 189.99 g/t | 234.73 g/t |
| Gold Produced | 2,807 Ounces | 2,898 Ounces |
| Silver Produced | 235,746 Ounces | 305,186 Ounces |