Well that's probably the best gold producer quarterly I've seen so far.
Managed to make a profit even though a significant amount, around two thirds, of production had to be sold at a hedge price below $900 meaining an avg POG of $1,090.
That terrible hedge was closed out mid April so will be receiving spot price on all production from now on.
Annoying though that they are capitalising production stripping...hard to work out the 'real cost' of production.
Cdchi1
TGZ Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
