Yukon Nevada Gold Corp T.YNG

Production Hi-Lights

[romara]

This was taken from SEDAR this morning....hi-lights about production. It is well worth going into SEDAR and reading the MD&A from this quarter......here is the production figures....and gold sales???? I just took the last 3 quartrers ....Richard

Jerritt Canyon Operating Highlights

(dollars in thousands except for per ounce amounts)

                                                              Q2 2010     Q1 2010     Q4 2009     

Gold (troy ounces)

Produced                                             1 8,441       9 ,258          4,590 -                            

Sold                                                         9 ,876       9,105           4,590 -  
                          

Gold sales                                          $1 1,850    $ 10,158      $ 5 ,125

Cost of gold sold                               $1 3,542    $ 13,473      $ 18,545      

Temporary shutdown costs            $ -                $ -                  $ 462             

Average gold price per ounce        $ 1 ,200       $ 1,116       $ 1,117           

[talkswitch]

Produced     18,441 Sold          9,876 Where is the  8,565 ounces not sold?8,565 * 1,200 = 10,278,000if YNG had 10 million more income, it would have 6 million profit. what's going on?

[romara]

That's why I posted those figures.....Richard

[romara]

As to what I have been told....the difference between what was produced, and what was sold....is that the different  amount was in the smelting system for the last quarter...but not ready to be sold ...I understand now how it happens....It's been a great day....and things are going to get better. If Robert Baldock and Graham Dickson can get this mill and mine really going like we see

[talkswitch]

i was told the same. but it doesn't make any sense.  producing is not produced.how about a car that still on the assembly line?  how about ounces in the stockpile that has been mined?more important, if it's produced, the 10 million$ value should be on the balance sheet, which is not the case. something is wrong!

[romara]

talkswitch.....produced but not sold....what value does it have???? ......No value until it is sold.....Richard

[talkswitch]

i'm not sure what kind of accountant, except YNG's,  would teach you that.  Gold is one of the easiest assets to liquidate. doesn't matter if you sell it or not, once produced, it has value. even a car, once produced, it has inventory value & the value will show on the balance sheet.

[MrGRP]

If you are so concerned about it and want an answer .... why don't you phone the company ? I am surethey will  gladly explain it to you ...As for gold easy to liquidate .... I am not sure how they do it but I used to work wth a contracft hauling gold froma mine in BC. The did not ship it raw ... once it was produced they still had lots to do with it and they melted itinto bars etc

[talkswitch]

we already got the same answer: the difference (8,565 ounces) were in smelting system. u wanna me call them back, demand another answer because i don't believe it. give me a break! apparently u are not familiar with the mill, neither the people. all u  can get from Investor Relations is what they are told to tell u.yng is pouring gold bars on a regular bases. smelting system is the last

[romara]

Like who gives a sheeet....we know it's there somewhere....leave us alone...we are too busy making money......Richard

[talkswitch]

 it's your problem. u are old enough to be accountable for your feelings. BTW, i wouldn't talk about this issue anymore.

[arthur7440]

 Hey Richard   This B.B is getting to many Personal Attack's   These fellows also have a right to voice their  points of view without being called Idiot;s and other names,  lets get back to a clean  no name calling board,  Most of us longs have been through hell with the garbage from the insiders of the past  Most of theses  so

[MrGRP]

good point Artie  !

[romara]

Artie my friend et al....I have been on this train since Oct 27, 2003...and when they did the backsplit in July 30, 2007...my shares were worth $3.99 each....I been through the thick and thin...I bought down as she went...and my average now is about .18 on over 200K.......One does get tired of of the whining and negativity......I called YNG yesterday and I knew where the gold was...nobody stoled

[MrGRP]

Good point Richard .... like most of us that want the company to succeed and are making money .. we do get tired of the not only negativity but the constant crapping on the company ... To me the past belongs in the past but I guess some just can't let go and be happy things are turning around.I for one am overwhelmed with the performance of this company since I bought in and so is my tax