Post by
seanmac12 on Mar 18, 2015 3:52pm
From the NR about blaming it on rain and lower grades
"This represents a 46.1% decrease over the prior year. Increased production was offset by reduced revenues resulting from the lower gold price and an increase in production costs resulting from decreased grade, record rainfall and higher diesel usage.
Hurricane season starts in April. I think it rains then.
Comment by
handyrandy321 on Mar 19, 2015 9:27am
Matt. Allied Nevada just increased gold and silver production and is going bancrupt only weeks after announing increases. Timmin's all in cost jumped in Q4 to $1045. That should ring some alarm bells.
Comment by
pdcon1 on Mar 19, 2015 9:40am
there is a big difference when you produce 130000 oz of gold and another 80000 from calballo with minimum investment and ana paula high grade with over 5 million gold oz proven to drop production costs under 500 per oz ,