RE:Preliminary earnings results positiveMomma going to like these results - better than anticipated.
1) most importantly - cash was drawn down by 53.2 million but closing advance gold sales of 30 million ( if 25% left for July which would be expected given 1 month extension) then that would
represent 57.5 million. That means company is self financing capital expenditures with 4 million to spare.
2)Gold sales were 13.1 thousand higher than 1st Q
3) average price received was 107 $ higher than 1st Q ( thanks in part to advance gold sale price)
4) AISC was 3$ lower than 1st Q (
That all should translate to much higher EBITDA and Net Profit than 1st Q, which was not that bad.
There may be adjustments etc. but analysts look at adjusted earnings, discounting things like
asset writeoffs etc, if any coming.
Thinking we should get a boost on these numbers today. ( hopefully gold price stays stable so we can get exact read )