Q1 financialsLoss of 4 cents share ($9 million), San Andres was shut down for 3 weeks due to a workers strike but achieved an all time low in cash costs of 764/oz, heavy rains affected production at Sao Francisco and mining life has now been extended into 2015 but will have higher cash costs (two years ago they projected that the mine would be closed in 2013 so this is a welcome surprise). From all of that the most important thing in the filing is the financing progress which the say:
"As previously announced, we obtained a $22.5 million gold loan facility which was used to refinance our balance sheet. This has enabled us to continue negotiations on a larger corporate financing package. The Company continues to work towards obtaining a financing that will allow achievement of our future operating and expansion goals."
So at least we know there are negotiations going on.