In the history of mining, has a producing company ever before recorded the exact same production in a subsequent quarter?
| Dec-09 |
11,984 |
| Mar-10 |
11,984 |
Whatever is said to me, I don't believe that figure. Fluctuations in production result in quarterly deviations - I bet this is at the extreme in terms of standard deviations from the mean (percentage changes in quarterly production for a sample of mining companies ever) - this is less than 0.5oz difference from the previous quarter, which is at least less than 0.00004% change. I don't believe figures like that - statistically impossible (without aiming to sell 11,984 oz again, rather than happening to produce it).
And as ever with SGR, the report is certainly written without clarity in mind.
Are gold sales = production. What were the grades - they mined a certain amount of ore during the quarter, and sold a certain amount of gold - but I'm none the wiser as to the production grade, recovery, or what may have been produced, rather than sold, or put in the safe.
Baffled, as ever.
Is the short form prospectus for an offering?
