RE:RE:solid report........Actually, one more thing disappoints me: The average realized gold price for the quarter was $1169, down from the year previous. Gold spent most of January below $1100 and all of March above $1200, while February was in the mushy middle. I had thought we'd average pretty close to $1200 but fell short and that obviously affected revenue.
If, and this is still a big if...If gold holds at or above current price for May and June we could average closer to $1250 per ounce for Q2. At 50K ounces produced that would mean an additional $4 million over Q1 averaged realized gold price.
Once again, I'm reminded how this is currently primarily a direct play in the price of gold. One can see why they are allocating extra money towards exploration: It's the only way to generate growth other than hoping for continuing gold price strength.