Gentor Resources Inc V.GNT.H

RCT.V produces 140k Ag, 1,561 oz Au Q1,Q2

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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 near the Mexican operation. Institutionally held by Sprott, Mackenzie, U.S Global, Libra Funds, TD and a couple of others bought at higher prices. Increased to three mine locations providing mill feed. ALONE property plant and equipment ($19 mil) worth triple more than the market cap ($4.1 mil). Dore bar induction furnaces to be installed at one of the three mine sites. Rochester will also produce more than ¼ million ounces of silver this fiscal year.

 

Fiscal 2013			Fiscal 2012			Fiscal 2011
Three Month Periods Ending	Nov 30/12 $	Aug 31/12 $	May 31/12 $	Feb 29/12 $	Nov 30/11 $	Aug 31/11 $	May 31/11 $	Feb 28/11 $
Operations:
Revenues	3,260,806	3,133,422	3,334,965	3,240,926	2,869,242	2,189,572	2,413,413	2,519,254
Cost of ales	(2,128,328)	(2,438,057)	(1,454,262)	(2,086,678)	(1,576,911)	(1,796,118)	(1,533,938)	(1,656,422)

 

RESULTS	Q1 (Jun. 2012 - Aug. 2012)	Q2 (Sep. 2012 -Nov. 2012)	Accumulated (Q1 and ,Q2, 2012)
Tonnes Processed	17,390 Tonnes	17,009 Tonnes	34,399 Tonnes
Gold Grade	1.81 g/t	1.25 g/t	1.53 g/t
Silver Grade	214.32 g/t	216.86 g/t	215.58 g/t
Gold Recovery	92.85 %	90.76 %	92.01 %
Silver Recovery	57.66 %	60.34 %	58.99 %
Gold Produced	941 Ounces	620 Ounces	1,561 Ounces
*Gold Sold	926.866 Ounces	610.236 Ounces	1,537.101 Ounces
Silver Produced	69,097 Ounces	71,554 Ounces	140,652 Ounces
*Silver Sold	67,024.24 Ounces	69,407.840 Ounces	136,432.078 Ounces
Gold Equivalent Produced	2,148 Ounces	1,986 Ounces	4,134 Ounces
Developed Meters	1,295 Meters	1,467 Meters	2,762 Meters
Samples Taken	8,380 Samples	9,092 Samples	17,472 Samples

 

 

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