Seems like ...the amount of gold oz produced a little low considering 5452 oz produced in the first 6 months is only 50% csg - read the fine print
100% el sastre gold produce - when the MOE was annouced they had already poured 5 times
@ this rate 12000 oz/year - with 6000 belonging to csg
SUMMARY OF FINANCIAL AND OPERATING RESULTS (a)
Three months ended Six months ended
June 30, June 30,
2007 2006 2007 2006
Gold ounces produced 2,444 - 5,452 -
Gold ounces sold 3,561 - 4,802 -
Average realized gold price
($/ounce) $668 - $667 -
Total cash costs per ounce
sold ($/ounce) $180 - $209 -
Metal sales $ 2,378,898 $ - $ 3,203,473 $ -
Cost of sales (c) $ 642,100 $ - $ 1,002,400 $ -
Accretion, depreciation,
depletion and
amortization $ 278,297 $ - $ 415,820 $ -
Mine operating
earnings $ 1,458,501 $ - $ 1,785,253 $ -
Net earnings (loss)
for the period $ 349,400 $ (39,839) $ 243,631 $(132,553)
Earnings (loss)
per share
(basic and diluted) $ 0.01 $ (0.00) $ 0.00 $ (0.00)
(a) As a result of having to fully consolidate the results from the company's
50-per-cent-owned El Sastre gold mine, the amounts above represent 100 per cent of the
gold ounces produced and sold, metal sales, cost of sales and accretion, depreciation,
depletion, and amortization.
(b) Cost of sales per ounce is calculated by dividing cost of sales as per the
consolidated financial statements with gold ounces sold.
(