First Asset Morningstar Emerging Markets Composite T.EXM.A

Moris Mine is Producing

[BamBamBandito]

The Moris Mine is Producing so why hasn't EXM received any money from the production? Does anyone know?

This is from the Hochschild website.

Moris1

Six months ended 30 June 2008

Ore production (tonnes)                     387,063

Average head grade silver (g/t)          5.15

Average head grade gold (g/t)           1.63

Silver produced (koz)                         32

Gold produced (koz)                         14.08

Net silver sold (koz)                           34

Net gold sold (koz)                            14.50

1 The Company has a 70% interest in Moris.

EXM's share of the this year's production is 4224 ounces gold and 10200 ounces silver.
Just for fun. 4224 x $400 Net = $1,689,600 plus 10200 x $4.00 net = $40,800 = $1,730,400