Financials out - record earningsNo direct link to post yet but you can go to the AuRico website and it is shown on their homepage.
www.auricogold.com
Highlights:
Revenues of $112.1 million, a 102% increase over Q3 2010
Record net earnings of $62.6 million, (
.36 per share), a 580% increase over Q3 2010
Record earnings before other items of $52.8 million (
.30 per share), a 326% increase over Q3 2010
Increased the quarter-end cash balance by 42% to $145 million over the previous quarter
Strong operating cash flow of $51.7 million (
.30 per share), a 66% increase over Q3 2010
Strong net free cash flow of $11.6 million, a 197% increase over Q3 2010
Strong production of 45,686 gold ounces and 1.4 million silver ounces, or 76,630 gold equivalent ounces using the actual gold equivalency ratio of 45:1 realized during the quarter, representing a 68% increase over Q3 2010
Cash costs of $487 per gold equivalent ounce, using the actual gold equivalency ratio of 45:1 realized during the quarter, a 9% increase over Q3 2010. The increase in cash costs includes non-recurring commissioning costs related to the resumption of production at the El Cubo mine
Record margins of $1,217 per ounce (71%) company-wide, a 55% improvement over Q3 2010
The El Chanate mine recently reached 1 million man hours (one year) with no lost time injuries, believed to be the first Mexican-based operation to achieve such a high safety record