Many Junior Miner's Lost Money 3ed QuarterCost per ounce is very important when you make the transitin from explorer to producer and the metrics change. I follow up to my post about SGR's drop in price after releasing their 43-101.
FYI---Production05 is a very good poster on another board and put this comparison together.
SUBJECT: Fact Posted By: production05
Post Time: 12/5/2006 06:13
Small type gold producers – Q3 2006 financial bottom line
Net profit:
* Century Mining - $1,100,100 net profit
Net loss:
* Kirkland Lake Gold - $1,753,621 net loss (their Q2 – Oct 31st quarter end)
* Wesdome Gold Mines - $2,900,000 net loss
* San Gold Corp. - $8,900,000 net loss
* Semafo Inc. - $4,139,000 net loss (US)
* Nevsun Resources - $7,700,000 net loss (US)
* Queenstake Resources - $8,100,000 net loss (US)
* Glencairn Gold - $3,200,000 net loss (US)
* Etruscan Resources - $1,800,000 net loss (Aug 31st quarter end)
* Intrepid Mines - $2,193,000 net loss (US)
* Olympus Pacific Minerals - $850,201 net loss
* Richmont Mines - $437,952 net loss
* Claude Resources – $0 (broke even)
Production05