Forecast for 2014 2012
Production of 220,462 ounces of gold
Average Price of Gold : $ 1,669
AISC (All -In Sustaining cost ) ? ?
Share Price : $ 1.84 - $ 2.67
2013
Production of 324,275 ounces of gold
Average Price of Gold : $ 1,392
AISC (All -In Sustaining cost ) $ 1,099
Profit: 93 M .
3 mines in production and the fourth to start producing in late 2013.
Share Price : $ 0.41 - $ 0.91 ( from April )
In 2014 (forecast according to them)
Production of 400 000 ounces of gold ( between 400 000 and 440 000 )
Average Price of Gold : $ 1,300 (according to me )
AISC (All -In Sustaining cost ) $ 1,050 ( according to them between $ 985 and $ 1,070 )
Profit: 100 M. ( if gold is at $ 1350 profit 120 M)
4 producing mines
Share Price : $ 0.50 - $ 1.02 ( January -April)
Book value : $ 3
Operations in 2014
Long-term debt 305M . 100M annual profit and more.
4 producing mines full time
Tabakoto 140,000 ounce ( 20M investment to improve )
Nzema 110 000 ounces
Yuga 65 000 oz
Agbaou 82,000 ounce ( forecast) . By cons , after 2 months of operation , it has a rate of 110 000 oz .
5th mine construction (operational in 2015)
Houndé Gold Project with a potential of 180 000 ounces with AISC down $ 800 ! ! It has a grade of 1.95 g / t AU ! !
6th mine construction (operational 2015-2016 )
SECRETARY NORTH PROJECT
500,000 ounces of Indicated ( 6.9 million tonnes at 2.25 g / t Au) and 702,000 ounces of Inferred ( 12.4 million tonnes at 1.77 g / t Au)