Different ozs of production Q3 Please correct me if I'm wrong.
I'm looking at latest presentation and PR dt Jan 20,2012
As per PR
Table 1: Lac Herbin Production Statistics for 2011
---------------------------------------------------------------------------- Q1 Q2 Q3 Q4 2011 Total----------------------------------------------------------------------------Ore Milled (Tonnes) 14,156 17,150 17,560 31,551 80,417----------------------------------------------------------------------------Grade (g/t Au) 4.27 4.99 4.99 4.47 4.68----------------------------------------------------------------------------Mill Recovery (%) 89.3 87.4 87.1 84.08 86.97----------------------------------------------------------------------------Gold Production (oz) 1,786 2,423 2,261 3,726 10,197
As pe presentationa Page 6:
Ton ore mines is 19024 compare to higlighted figure under Q3 is 17560
Gold production 2454 oz compare to total oz in the table above is 2261
Also if they produced 2454 oz of that they sold only 1477 oz , they still had 977oz gold with them at the end of Q3 or I am missing some thing. The cost of sale that was $2810 was not based on all 2454 production
Mine operating expence was $4,151,000 they calculate per oz cost of sale as under
$4,151,000/1477oz= $2810
but if the production was 2454 and they still have 977 oz of gold that they sold after Sept 30, 2011 that means actual cost should be
$4,151,000/2454oz=$1691 for the quarter
Still more than actual sale price they recovered which was $1634 but much better than $2810.
I think I'm gone mad doing all this, but help me here, if any body knows better and knows how to compare numbers. Tell me I'm wrong don't do this.
PR link
https://www.alexisminerals.com/English/Investor-Centre/News/News-Details/2012/Alexis-Turnaround-Plan-on-Track-Lac-Herbin-Produced-3726-Ounces-Gold-in-the-Fourth-Quarter-2012-Production-Guidance-Establish/default.aspx
Presentation link: (look page 6)
https://www.alexisminerals.com/Theme/Alexis/files/doc_financials/AMC-MDA-Q3-2011.pdf