TSX:SGR.UN - Post by User
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Roughrider27on Nov 04, 2014 10:52am
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Post# 23092315
Book value .51$
Book value .51$ | Fiscal year ended Dec. 31. Next earnings report expected: NA | |
| | Dividend Data | | No dividend data available. | | | | Price Performance | | | S&P Financial Writer Frank Barone | | | | Operational Review Aug 12, 2014 | | For the six months ended June 30, 2014, revenues were C$34.9 million vs. C$54.7 million in the prior year. Loss from operations was C$6.9 million vs. income from operations of C$3.3 million in the prior year. The net loss was C$16.2 million (C$0.04 per share), vs. a net loss of C$13.2 million (C$0.04 per share) in 2013. | | For the second quarter ended June 30, 2014, revenues were C$20.0 million vs. C$30.4 million in the prior year. Loss from operations was C$4.2 million vs. income from operations of C$3.4 million in the prior year. The net loss was C$8.5 million (C$0.02 per share), vs. a net loss of C$3.6 million (C$0.01 per share) in 2013. | | | | Gold production of 11,375 ounces in the second quarter of 2014 was lower than gold production of 22,526 ounces in the second quarter of 2013. Gold production of 23,458 ounces in the first six months of 2014 was lower than production of 39,880 ounces in the same period of 2013. | | Total cash costs in the second quarter of 2014 were C$1,336 per ounce of gold sold compared to C$783 per ounce of gold sold in the second quarter of 2013. The increase in cash cost per ounce of gold sold was the result of lower gold production in the second quarter of 2014 due to reduced tonnages from the mine and the processing of lower grade ore as well as a delay in extracting ore from the company's higher grade Rice Lake and 007 stoping blocks. | |