While we wait for the financialsThese are the preliminary results released on October 9th. The CEO made some very positive comments as well. The numbers look good, especially the all-in sustaining cost of $862 which is one of the lowest of the gold producers.
The Company's full financial results for Q3/14 and 9M/14 will be released after the market close on Wednesday, October 29, 2014, with a conference call and webcast to follow at 2:00 pm on Thursday, October 30, 2014. Details of the conference call and webcast will be released shortly.
| | Q3/13 | Q4/13 | Q1/14 | Q2/14 | Q3/14 |
| Production (oz.) | | | | | |
| Timmins West | 22,600 | 41,600 | 33,900 | 41,900 | 35,000 |
| Bell Creek | 6,300 | 10,100 | 10,700 | 10,400 | 10,600 |
| Total | 28,900 | 51,700 | 44,600 | 52,300 | 45,600 |
| Gold poured (oz.) | 25,900 | 51,400 | 45,700 | 53,500 | 44,900 |
| Gold sold (oz.) | 32,300 | 49,600 | 42,900 | 53,500 | 45,500 |
| Avg. price (US$/oz.) | 1,324 | 1,261 | 1,294 | 1,289 | 1,284 |
| Costs (US$/oz. sold) | | | | | |
| Total cash costs | 701 | 609 | 621 | 556 | 595 |
| All-in sustaining costs | 1,027 | 849 | 960 | 784 | 862 |
The chart also looks good. Notice the support in this price range and that the 200 DMA is 97 cents, just below the share price. Remember the ABC's of a price correction. When the price back in March was $1.00, the letter A is represented by the big drop down to 68 cents from the $1 level. B is represented by the bounce back to 92 cents, and C is the bottom 69 cents level.
Now starting with the $1.40 high, A is 99 cents, B is $1.19, and C looks like today's close of 99 cents.
