So if gold is trading at $1750, it costs San $1058 to produce an ounce of gold

Third Quarter 2011 Highlights:

• For the first time in history, the Company reported unadjusted positive quarterly net income of $1.0 million.
• Recognized record revenue of $32.9 million on gold sales of 18,867 ounces at a realized price of $1,743 per ounce.
• Generated cash flow from operations before changes in working capital of $9.8 million.
• Generated record operating income from operations of $12.1 million.
• Reported total cash costs of $769 per ounce of gold sold, below annual guidance of $825 per ounce.
• Realized a cash operating margin of $974 per ounce of gold sold.
• Achieved average mill throughput of 1,324 tons per day.

http://newsroom.sangold.ca/getattachment/6274d302-5ff0-4473-b0f2-d4249605c475/San-Gold-Reports-Operating-Inc-201111150744968001