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Luna Gold LGCUD

Metals & Mining Gold Industrial Metals & Minerals
Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The


OTCPK:LGCUD - Post by User

Luna Gold > NR - 3rd quarter production
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Comment by maypeterson Oct 07, 2014 11:48pm
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Post# 23008631

RE:NR - 3rd quarter production

RE:NR - 3rd quarter productionAs per my talk with Sandstorm people some time back - they do not hold back any ounces - the ounces are sold off by the producer and sold right away. 

So you are right - Sandstorm take delivery (get credited for the sale of the ounces right away). For accounting purposes the sales are recorded right awasy unless the ounces are shipped past the Q date in which case they are recorded the following Q. 
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