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Goldbank Mining Corp V.GLB

Alternate Symbol(s):  GLBKF

Goldbank Mining Corporation is a Canadian exploration company exploring for gold at its Leota Gold Project. The Company’s principal business is the exploration and development of resource properties in the Yukon, including the Leota Gold project, a large block of hard rock mining claims of gold properties in the Klondike region of the Yukon Territory, Canada, and the Hasenfuss quartz mineral claims. The Company holds a 100% interest in the Hasenfuss Quartz mineral claims, which are contiguous to the Company’s Leota Gold Project.


TSXV:GLB - Post by User

Bullboard Posts
Post by ronnywingon Apr 28, 2013 5:24am
240 Views
Post# 21311010

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

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

Rochester is a producer with four mines (fourth ramping up. 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 4 times more than the market cap ($2.1 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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