Core Gold DMMIF

DMM

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DMM	3Q14	2Q14	1Q14	4Q13	PEA 2015 Qtr
Milled Tonnes Per Day	254	407	188	329	411
Days	92	91	90	91	91.25
Milled Tonnes Per Qtr	23,324	37,065	16,898	29,948	37,500
Grade (gpt)	10.900	4.419	10.803	15.142	7.100
Recovery	94.49%	90.40%	94.70%	94.30%	90.00%
Gold Ounces Produced	7,723	4,761	5,558	13,748	7,704
Gold Ounce Inventory	743	-230	1,679	-1,393	0
Gold Ounces Sold	8,466	4,531	7,237	12,355	7,704
Gold Price	$1,271.91	$1,282.19	$1,297.63	$1,268.34	$1,300.00
Gold Revenue	10,767,977	5,809,173	9,390,956	15,670,352	10,015,359
Gold Revenue	10,767,977	5,809,173	9,390,956	15,670,352	9,522,526
Silver/Other Revenue	336,468	190,129	286,628	266,780	492,833
Operating Revenues	11,104,445	5,999,302	9,677,584	15,937,132	10,015,359
Mining & Processing-Fixed	4,560,847	3,638,271	3,411,677	4,599,964	2,226,500
Mining & Processing-Variable	2,858,940	2,983,848	2,501,011	2,901,337	4,007,750
Refining/Shipping/Concession					336,750
Royalties	484,450	379,238	373,366	794,852	450,070
Depreciation/Depletion	1,138,215	1,215,739	1,105,450	1,418,870	530,000
Mining Expenses	9,042,452	8,217,096	7,391,504	9,715,023	7,551,070
Gross Profit	2,061,993	-2,217,794	2,286,080	6,222,109	2,464,289
G&A Expense	1,307,995	917,209	1,113,800	1,454,531	$1,113,250
Stock Based Compensation	37,397	39,236	95,327	22,419
Net Income Before Tax	716,601	0			1,351,040
Employee Part Tax @ 15%	0				202,656
Income Tax @ 22% - EPT - NOL	50,512	0	27,565		178,337
Net Income	666,089	-3,174,239	1,049,388	4,745,159	970,046
Cash Flow (NI + Deprec/Depl + SBC)	1,841,701	-1,919,264			1,500,046
Shares Outstand+Options <$3	44,574,583	44,574,583	44,574,583	44,574,583	44,574,583
EPS-Diluted	$0.015	-$0.071	$0.024	$0.106	$0.022
Shareprice-Annual EPS w 10x PE	$0.60				$0.87
Cash Flow Per Share	$0.041	-$0.043			$0.034
Silver %	3.1%	3.3%	3.1%	1.7%	5.2%
Cash Costs
COGS	9,042,452	8,217,096	7,391,504	9,715,023	7,551,070
Change in Inventory	-548,212	-196,028	-520,408	910,674
Less Depreciation/Depletion	-1,138,215	-1,215,739	-1,105,450	-1,418,870	-530,000
Silver by-product	-336,468	-190,129	-286,628	-266,780	-492,833
G&A w/ SBC	1,345,392	956,445	1,209,127	1,476,950	1,113,250
Capital Expenditure	140,000	109,563	254,630	145,618
Exploration Expense	157,536	155,610	336,179	309,304	309,304
Total Cash Costs	8,662,485	7,836,818	7,278,954	10,871,919	7,950,791
Gold Produced	7,723	4,761	5,558	13,748	7,704
All In Cash Cost/oz-Produced	$1,122	$1,646	$1,310	$791	$1,032
All In Cash Cost/oz-Sold	$1,023	$1,730	$1,006	$880	$1,032
DMM		2Q14	1Q14	4Q13
COGS
Changes in inventories	548,212	196,028	520,408	910,674
Consumables	1,812,116	2,369,426	1,699,340	1,619,812
Employee participation taxes	383,831	0	55,130	980,591
Equipment maintenance	599,488	567,428	605,726	663,745
Other mining/processing	544,329	451,980	553,427	597,876
Rentals	719,452	463,452	369,235	357,506
Utilities	498,662	418,394	281,263	370,851
Salaries and benefits	2,313,697	2,155,411	1,828,159	2,000,246
Mining & Processing	7,419,787	6,622,119	5,912,688	7,501,301
Royalties	484,450	379,238	373,366	794,852
Depreciation and depletion	1,138,215	1,215,739	1,105,450	1,418,870
Total operating costs	9,042,452	8,217,096	7,391,504	9,715,023
Royalty % of Revenue	4.4%	6.3%	3.9%	5.0%	0.0%
G&A				Avg 2013
Amortization	78,053	46,435	47,852	63,273
Insurance	51,343	61,661	61,182	64,092
Office and general	194,537	202,124	300,792	335,243
Other /Foregin Exchange	-49,103	155,450	209,138	169,160
Professional fees	75,123	163,910	239,791	159,175
Salaries and management fees	260,383	287,629	255,045	297,306
Total corporate administration	610,336	917,209	1,113,800	1,088,248
Inventory
Stockpiled mined material	360,424	356,900	471,815	365,674
Gold and silver in-process	222,440	577,209	468,770	794,962
Gold and silver dore	229,115	469,178	617,955	905,410
Total WIP Inventory	811,979	1,403,287	1,558,540	2,066,046
Materials and supplies	2,806,675	2,890,924	2,688,530	2,254,497
Total Inventory	3,618,654	4,294,211	4,247,070	4,320,543
COGS-Projection
Inventory-Sales=Produced	548,212	196,028	520,408	910,674
Consumables	1,812,116	2,369,426	1,699,340	1,619,812
Employee participation taxes	383,831	0	55,130	980,591
Equipment maintenance	599,488	567,428	605,726	663,745
Other mining/processing	544,329	451,980	553,427	597,876
Rentals	719,452	463,452	369,235	357,506
Utilities	498,662	418,394	281,263	370,851
Salaries and benefits	2,313,697	2,155,411	1,828,159	2,000,246
Total Mining & Processing	7,419,787	6,622,119	5,912,688	7,501,301
Adjustments:
Less: Change In Inventories	-548,212	-196,028	-520,408	910,674
Less: By product credit	-336,468	-190,129	-286,628	-266,780
Total Mining & Processing	6,535,107	6,235,962	5,105,652	8,145,195
Cost per Tonne	$280	$168	$302	$272
DMM	3Q14	2Q14	1Q14	4Q13
Variable
Changes in inventories	548,212	196,028	520,408
Consumables	1,812,116	2,369,426	1,699,340	1,619,812
Rentals	544,329	463,452	369,235	357,506
Adjustments	-45,667	-386,157	-807,036	643,894
Variable	2,858,990	2,642,749	1,781,947	2,621,212
	43.7%	42.4%	34.9%	32.2%
Tonnes per Qtr	23,324	37,065	16,898	29,948
Cost Per Tonne	$123	$71	$105	$88
Fixed
Equipment maintenance	599,488	567,428	605,726	663,745
Other mining/processing	544,329	451,980	553,427	597,876
Employee participation taxes	383,881	0	55,130	980,591
Utilities	719,452	463,452	369,235	357,506
Salaries and benefits	2,313,697	2,155,411	1,828,159	2,000,246
Total Fixed Cost	4,560,847	3,638,271	3,411,677	4,599,964
	69.8%	58.3%	66.8%	56.5%
	7,419,837	6,281,020	5,193,624	7,221,176