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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Bullboard Posts
Comment by OriginalFredon Nov 16, 2013 10:43am
239 Views
Post# 21912566

RE:RE:RE:RE:RE:Q3 Results Sad; Q4 Results Encouraging

RE:RE:RE:RE:RE:Q3 Results Sad; Q4 Results EncouragingRich, this company has had the same reporting structure for a long time.  Personally, I do not really care about all the insignificant details.  All that matters is the bottom line.  How much gold did they dig out of the ground at what cost.

Here is all you need to know.  Q3 was horrible.  But we got through it without any dilution.  Q4 is shaping up to be much better.  You will know how Q4 turned out in about 4 months.

Just to make you feel better, I will answer your questions.
1.  Why was production excessively low in Q3,
The company mined less ore with a lower grade.

2.  What is the existing production rate....450 t/d....500 t/d...what
The production rate was low in Q3 because there was less ore.

3.  What is the average grade of ore during the quarter...5 g/t.....7g/t
The grade was low.

4.  When will the average grade of ore become 13 g/t as per DMM's projections
It is going to take a while.

4.  When is DMM expecting to increase production rate to 700 t/d
That is going to take a while also.

5.  How many gold veins are required to maintain max production
A lot more than they currently have access to.

6.  So many questions ????
Now they are all answered.
Bullboard Posts