Cangold Limited CGLJF

RCT.V produces 941 oz Au, 69,097 oz Ag this qtr

[annwarw]

The CEO whose company (Luisman) was swallowed by Wheaton River (became a director) then bought by Goldcorp (Then he took the role of Executive Vice President of Goldcorp from March 2005 to September 2007) resides at the Mexican operation. Institutionally held by Sprott, Mackenzie, U.S Global, Libra Funds, TD and a couple of others bought at higher prices. Market cap is only 10 million with hard assets ALONE property plant and equipment worth more than the market cap.

 

RESULTS	Q4 (Mar-May, 2012)	Q1 (Jun-Aug, 2012)
Tonnes Processed	17,653 Tonnes	17,390 Tonnes
Gold Grade	1.66 g/t	1.81 g/t
Silver Grade	211.89 g/t	214.32 g/t
Gold Recovery	92.36 %	92.85 %
Silver Recovery	58.63 %	57.66 %
Gold Produced	868 Ounces	941 Ounces
Gold Sold	855.231 Ounces	926.866 Ounces
Silver Produced	70,501 Ounces	69,097 Ounces
Silver Sold	68,385.98 Ounces	67,024.24 Ounces
Gold Equivalent Produced	2,207 Ounces	2,148
Developed Metres	1,704 Meters	1,295 Meters
Samples Taken	8,307 Samples	8,380 Samples
Diamond Drilling Metres	0 Meters	0 Meters
Access Road Kilometres	3.55 Kilometers	0 Meters

 

RESULTS	Q1 (Jun/11 - Aug/11)	Q2 (Sep/11 - Nov/11)	Q3 (Dec/11 - Feb/12)	Q4 Mar/12 -May/12	Accumulated Fiscal 2012
Tonnes Processed	15,811 Tonnes	16,672 Tonnes	19,340 Tonnes	17,653 Tonnes	69,476 Tonnes
Gold Grade	1.10 g/t	1.47 g/t	1.30 g/t	1.66 g/t	1.38 g/t
Silver Grade	147.80 g/t	204.65 g/t	191.85 g/t	211.89 g/t	189.99 g/t
Gold Recovery	88.91 %	91.31%	89.69 %	92.36 %	90.77 %
Silver Recovery	57.83 %	50.68%	55.50 %	58.63 %	55.55 %
Gold Produced	496 Ounces	720 Ounces	722 Ounces	868 Ounces	2,807 Ounces
Gold Sold	488.58 Ounces	709.66 Ounces	711.54 Ounces	855.23 Ounces	2,765.01 Ounces

 

RESULTS	Q1 (Jun/11 - Aug/11)	Q2 (Sep/11 - Nov/11)	Q3 (Dec/11 - Feb/12)	Q4 Mar/12 -May/12	Accumulated Fiscal 2012
Silver Produced	43,454 Ounces	55,589 Ounces	66,202 Ounces	79,501 Ounces	235,746 Ounces
Silver Sold	42,150.26 Ounces	53,921.70 Ounces	64,215.72 Ounces	68,385.98 Ounces	228,673.67 Ounces
Gold Equivalent Produced	1,515 Ounces	1,837 Ounces	1,978 Ounces	2,207 Ounces	7,538 Ounces
Developed Meters	1,102 Meters	1,075 Meters	1,928 Meters	1,704 Meters	5,809 Meters
Samples Taken	6,294 Samples	8,256 Samples	9,015 Samples	8,307 Samples	31,872 Samples
Diamond Drilling Meters	0 Meters	0 Meters	0 Meters	0 Meters	0 Meters
Access Road Kilometers	0.30 Kilometers	0 Kilometers	0 Kilometers	3.55 Kilometers	3.85 Kilometers

 

Fiscal 2012					Fiscal 2011
Three Month Periods Ending	May 31/12 $	Feb 29/12 $	Nov 30/11 $	Aug 31/11 $		May 31/11 $	Feb 28/11 $	Nov 30/10 $	Aug 31/10 $
Operations:
Revenues	3,334,965	3,240,926	2,869,242	2,189,572		2,413,413	2,519,254	2,022,561	2,241,251
Cost of sales	(1,604,262)	(2,236,678)	(1,726,911)	(1,946,118)		(1,083,938)	(1,806,422)	(1,832,082)	(1,848,437)