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Message: Re: Gold up to $1,245

Dec 03, 2013 05:17PM

Dec 04, 2013 02:47PM

I believe all their reporting is Cdn $.

My point is their margin expands as the Cdn$ falls against the US$. We need more gross margin $'s from a higher gold price, a falling Cdn $ or higher grade. I'd much prefer high gold and higher grade. I would expect most if not all of the expenses are paid in Cdn $

"The Company earned quarterly revenue of $28.7 million, compared with revenue of $41.0 million in the third quarter of 2012. The decrease in gold sales revenue in the third quarter of 2013 is a result of a 15% decrease in the number of ounces sold compared to the third quarter of 2012 and an 18% decrease in the average realized gold price. The Company realized $1,373 per ounce of gold sold in the third quarter of 2013, compared to $1,675 per ounce in the third quarter of 2012 and the Company sold 20,873 ounces of gold in the third quarter of 2013, compared with sales of 24,469 ounces in the third quarter of 2012."

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