EXPM:HRTFF - Post by User
Post by
marpip3on May 02, 2013 2:32am
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Post# 21328271
RCT.V produces 222k oz Ag, 2,153 oz Au Q1 - Q3
RCT.V produces 222k oz Ag, 2,153 oz Au Q1 - Q3 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 four mine locations providing mill feed. ALONE property plant and equipment ($19 mil) worth 4 times more than the market cap ($2.7 mil). Dore bar induction furnaces to be installed at one of the four mine sites now on site. Rochester will produce more than ¼ million ounces of silver this fiscal year a production record. Reported grades at San Francisco (third mine) are as high as 815g/t
Fiscal 2013 | Fiscal 2012 | Fiscal 2011 |
Three Month Periods Ending | Feb 28/13 $ | Nov 30/12 $ | Aug 31/12 $ | May 31/12 $ | Feb 29/12 $ | Nov 30/11 $ | Aug 31/11 $ | May 31/11 $ | |
Operations: |
Revenues | 3,286,485 | 3,260,806 | 3,133,422 | 3,334,965 | 3,240,926 | 2,869,242 | 2,189,572 | 2,413,413 | |
Cost of sales | (2,373,208) | (2,128,328) | (2,438,057) | (1,454,262) | (2,086,678) | (1,576,911) | (1,796,118) | (1,533,938) | |
Silver production increased to 81,830 ounces in Q3. March is 4 weeks only 1/3 of Q4 quarter. New power grid and shorter access road at third (of 4) mine at San Francisco being built. Reported grades at San Francisco (third mine) are as high as 815g/t
RESULTS | Q1 (Jun-Aug, 2012) | Q2 (Sep-Nov, 2012) | Q3 (Dec-Feb, 2013) | ACUMULATED Q1, Q2, Q3 | March 2013 |
Tonnes Processed | 17,390 Tonnes | 17,009 Tonnes | 16,573 Tonnes | 50,971 Tonnes | 6,019 Tonnes |
Gold Grade | 1.81 g/t | 1.25 g/t | 1.23 g/t | 1.43 g/t | 1.27 g/t |
Silver Grade | 214.32 g/t | 216.86 g/t | 249.43 g/t | 226.59 g/t | 233.97 g/t |
Gold Recovery | 92.85 % | 90.76 % | 90.40 % | 91.56 % | 90.55 % |
Silver Recovery | 57.66 % | 60.34 % | 61.57 % | 59.92 % | 62.16 % |
Gold Produced | 941 Ounces | 620 Ounces | 592 Ounces | 2,153 Ounces | 222 Ounces |
*Gold Sold | 926.866 Ounces | 610.236 Ounces | 583.439 Ounces | 2,120.540 Ounces | 218.925 Ounces |
Silver Produced | 69,097 Ounces | 71,554 Ounces | 81,830 Ounces | 222,482 Ounces | 28,147 Ounces |
*Silver Sold | 67,024.24 Ounces | 69,407.840 Ounces | 79,375.066 Ounces | 215,807.143 Ounces | 27,302.622 Ounces |
Gold Equivalent Produced | 2,148 Ounces | 1,986 Ounces | 2,124 Ounces | 6,258 Ounces | 731 Ounces |
Developed Meters | 1,295 Meters | 1,467 Meters | 1,021 Meters | 3,783 Meters | 363 Meters |
Samples Taken | 8,380 Samples | 9,092 Samples | 9,728 Samples | 27,200 Samples | 3,387 Samples |
Diamond Drilling Meters | 0 Meters | 0 Meters | 0 Meters | 0 Meters | 0 Meters |
**Access Road Kilometers | 0 kilometers | 0 kilometers | 0 kilometers | 0 kilometers | 1.4 kilometers |