Yukon Nevada Gold Corp T.YNG

Q3 available at sedar

[lecoste]

Good news: We have a gross margin from mine operations of: 1.423 million $
Bad news: A loss of 17.9 million $

Produced:     18636 oz
Sold:              15547 oz
Gold sales:    19,466,000 $
Cost:               18,043,000 $

They have "lost" 2700oz of gold during production. God knows how!

The costs that lead to the loss com from inherited liabilities such as:

Golden Eagle dispute:                     3.4 million $
class action by fromer workers      1.2 million $ (not final yet)

Advanced payment of
gold sold in 2009
and loss due to POG rise                3.1 million $

Adjustment of dept
repayment for the 25 million
loan due to POG rise                         2.2 million $

Improvement
in Mining operations (?)                    8.2 million $

Lee