...Gold Corp....Faces Higher Cost
in response to
by
posted on
Nov 02, 2008 01:48PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
A realized gold price of $865 per ounce led to a 5% increase in revenues in the third quarter, to $552.2 million compared to $524.0 million in the third quarter of 2007. Gold sales for the quarter increased to 550,500 ounces at a total cash cost of $346 per ounce, compared with 524,000 ounces at a total cash cost of $160 per ounce in 2007. The increase in total cash costs was due to higher consumable, energy and labour costs at the operations and the power interruptions at the Marlin mine. Lower by-product credits for silver and copper also contributed to the higher cash costs. Total cash costs on a co-product basis were $398 per ounce in the third quarter versus $299 in the 2007 period. ................................come over and play on the Green- Belt..Traps7