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Desert Gold Report Results from 3,900 Meter Phase 2 Exploration Drill Program (click to learn more)
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Guyana Goldfields Inc New GUYFF

Metals & Mining Gold


GREY:GUYFF - Post by User

Guyana Goldfields Inc New > Q4 Op Results
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Comment by CWGriswoldon Jan 15, 2019 10:09am
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Post# 29232835

RE:RE:RE:RE:Q4 Op Results

RE:RE:RE:RE:Q4 Op Results
was wondering the same thing.  Cash dropped from 92 to 82 mil in the quarter and 5 milion was spent on debt.  So the other 5 mill is either share buybacks or a loss or a combo.  A loss would be bad considering they sold their gold at 1244 avg in the quarter vs 1200 in the prior quarter. 

another concern is the massive uptick in ore mined (Q4 913Kt vs Q3 566Kt) against the small uptick in ore milled (Q4 657Kt vs Q3 647Kt) - meaning they created a huge stockpile of about 250Kt (at 2 g/t thats about 15000 oz).   I'm concerned they cherry picked from the ore pile just to attain reduced guidance and the stockpile that remains is very low grade.  hopefully just being paranoid.





 
 
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