Earnings a little disappointingEarnings were a little worse than expected, but the company is still well positioned to deliver exceptional profits when gold rallies back to $2000.
Financial Highlights for the three-month period ended October 31, 2021 (unaudited):
- Cash and short-term investments on hand is $5.9 million at October 31, 2021
- Gold and silver sales of $6.7 million
- Earnings from mining operations of $1.4
- Loss of $0.32 million, or ($0.00) per share (US$-0.25M)
- EBITDA(1) of $2.9 million for the six month period ended October 31, 2021