GREY:HRIVF - Post by User
Comment by
discern1on Jul 28, 2011 12:09am
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Post# 18881482
RE: RE: RE: Severstal Q2 Gold output rises 14%
RE: RE: RE: Severstal Q2 Gold output rises 14%At this point, I will assume a 5% increase in production at HRG.
Secondly, Gold prices were 9% higher in Q2 than Q1.
The Canadian dollar went up during this time, so let's be conservative and assume an increase of 5% in gold prices.
Total revenue for Q2 should be about 10% higher than revenue for Q1 with the same expenses.
Q1 revenue was 122.4 M, therefore Q2 revenue should be an increase of 12M.
This 12M should be added directly to the bottom line which will increase net income
Q1 net income 37.3M
Q2 net income should be about 40M (37.3+12)
Or
.05/share for the quarter.