Post by
Fenstercheck on Aug 13, 2020 7:02am
Produced ounces, sold ounces
Hi, could someone please explain? By year end of 2019 santacruz produced 2.8 mio ounces and sold 1.8 mio ounces. In first quarter 2020 they produced 1 mio ounces and sold 700000 ounces. Does that mean there are 1.3 mio ounces still ready to sell?
Comment by
Fenstercheck on Aug 13, 2020 12:45pm
No one? 1,3 Million unsold ounces would be 30 mio USD.. But that can't be it. So what is it all about the difference between the produced and sold ounces? Because in the financial report of 2019 I can't find any position in the Inventory or something like that
Comment by
Bakunin6 on Aug 13, 2020 2:04pm
Maybe...because they're silver equivalent ozs it could be copper,lead or zinc stacked up somewhere because of costs associated with the milling (?) also the suspension of veta grande might have stockpiles... maybe its just accounting when you add in zimapan and delete lease fees paid in ore. Just guesses really.
Comment by
wanderer9641 on Aug 13, 2020 2:18pm
Personally, I am not fond of AGEq - the prices fluctuate too much and throw the values off - silver rises and AGEq total goes down. Should call a metal by its name for accutate accounting.
Comment by
Bakunin6 on Aug 13, 2020 3:19pm
They are listed and amounts received accounted for individually...ageq is just a shorthand for investors...so is aisc. Very rough parameters not very informative except maybe as trend indicators