Oops I must be anxious ... this is the second quar And in case you are wondering what last years 2nd quarter produced .. here it is ...
The Company recorded net income of $22.9 million in the second quarter of 2011 compared to net income of $4.5 million (under International Financial Reporting Standards) in the second quarter of 2010. The net income recorded for the three months ended June 30, 2011 was the result of a $36.6 million gain in the fair value of warrants recorded as derivative liabilities. The gross margin was a loss of $1.9 million in 2011 against a loss of $1.7 million in the three months ended June 30, 2010.
Highlights for the three-month period ended June 30, 2011 include:
• The Jerritt Canyon Mine produced 22,168 ounces from purchased ore, stockpiles and mining operations in the three months ended June 30, 2011, compared with 18,441 ounces in 2010,
So acutally approx. a $14 million net loss ...
Q2 so far that we know of .... "In the first half of June the plant has processed an average of 4,200 tons per day, 7% higher than planned production of 3,933 tons per day. In the past month including the first fifteen days of June, gold recoveries were over 12,000 ounces recovered to the CIL circuit,
Looking good to me :-)