Any guesses on financialsLooking at the MD&A at the production report from January to June, there was a nice steady increase in tonnage mined. If they keep this up, they should have no problems meeting their lowered guidance of 77.5k to 82.5k ounces for the year. Since they did almost 35k ounces in the first 6 months, that would imply 45k ounces for this half. Probably something like 21k this quarter and 24k next quarter. The biggest change will come from the fact that gold averaged almost $200 more per ounce during this quarter compared to the 2nd quarter. So 3k ounces more in production and $200 more per ounce, we should see a very good bump in earnings. My wager is for earnings to come in at 5.5M dollars. If they achieve this then I think this will turn us around pretty quick. If they get Cosmos working without much problems, then they could start having some real nice numbers by this time next year. Fingers crossed that this old croc can turns things around!
Glorieux