GREY:AVGCF - Post by User
Post by
millions11on May 16, 2012 8:13am
299 Views
Post# 19914239
record production!!record cash burn!!!
record production!!record cash burn!!!
| | Three months ended
March 31, 2012 | | Three months ended
March 31, 2011 | |
| Mining and processing expenses | 19,048,663 | | 13,017,240 | |
| By-product silver sales credit | (94,882 | ) | (298,022 | ) |
| Inventory movements and adjustments | 4,617,965 | | (3,364,038 | ) |
| Cash operating costs | 23,571,746 | | 9,355,180 | |
| Divided by ounces of gold produced | 26,256 | | 20,270 | |
| Cash cost per ounce produced | 898 | | 462 | |
| Royalties | 1,977,310 | | 1,473,593 | |
| Total cash cost per ounce produced | 973 | | 534 | |
| Operating cashflow | $4,241,905 | | 15,397,626 | |
| Operating cashflow per ounce produced | 162 | | 760 | |