RE:One-time production test, GGD's rev & oz sold UP in Q3 vs Q2Thanks for the facts. All facts although the weak retail investors don't get them and sell, as usual.
With sold volumes up 15% in Q3 on a sequential basis, Q3 revenue will also be higher on a sequential basis, so free Cash Flow is a sure thing for another quarter.
Moreover, GGD says that things are back to normal, so Q4 production, volumes sold and free cash flow in Q4 will be at least the same compared with Q2 that ended in March. This does not include the copper from SART.
stockfy wrote: Some very short-sighted retail "investors" sell this morning because they don't understand what they read giving the opportunity to open-minded knowledgeable investors to increase their position at bargain prices. First GGD sold 382,000 oz in Q3, which is UP about 15% compared to the oz sold in the previous quarter: Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year. Reminder. GGD sold 337,000 oz in Q2, read below: Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) reports record production of 417,191 silver equivalent ounces in the quarter and generated revenue of $5.4 million on the sale of 337,821 silver equivalent ounces at an average realized price of $15.99 in the quarter ending March 31, 2018. (All amounts are in U.S. dollars)
The bottom line is that GGD's Q3 revenue were NOT affected by the one-time compaction test.
Actually, GGD received more money in Q3 than in Q2, because it sold 15% more oz in Q3 compared to Q2, as quoted above.
As a result, GGD generated FREE CASH FLOW in Q3 too, after generating FREE CASH FLOW in Q2.
This is why the CEO said in the recent European gold forum in Q3 that GGD has started to generate free CF. Second, the compaction test was an one-time compaction test and GGD has returned to normal as noted in the press release: "The Company stacked a total of 447,193 tonnes of material during the quarter, an average of 4,914 per day, of which the majority were fresh tailings. This is an increase of 24% over the average stacking rate from the previous year and was the result, in part, of the purchase and application of a new stacker.
In June, the Company returned to stacking on the first lift, with recovery beginning very quickly as had been previously experienced. The Company will continue stacking on the first lift or above a compacted lower lift with additional drainage between lifts in the future, which will cause production to increase back to normal levels."