RE: RE: earnings My guess is some undelivered oz of gold in the quarter that will be sold in the 4th quarter. Either that or the oz in the 2nd quarter were artificially high for a similar reason (oz unsold in 1st quarter) I'm not sure why the $$ per oz was so low in the 2nd quarter. These numbers look more reasonable.
IMO this earnings report means little. The important part of the news release was the following "we were able to increase our growth profile with the addition of the Colossus Minerals precious metals stream and the expansion commitment by Luna Gold. We are focused on acquiring additional gold streams and with over $150 million in available capital, we are well capitalized to do it."
It's about growth.