RE: EGX - the $200/oz low cost Gold Producer?It's hard to find a $200/ounce low cost Gold Producer!
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months
- was $246.00/oz (incl. cost for expansion of
- heap leach pads etc.)
- deduct the expansion cost of the heap leach pads to expand
- the EGX Gold production and You will find a production cost
- of about $200.00 per ounce
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
- plus the Gold 1153 ounce produced - and to be sold at
- a higher price
Other than EGX, I don't think there is one, imo.
All the Best! /W 