The following are my calculations only
Gold retained in mill as estimated 1800-2000 ounces, I am splitting it down the middle and using 1900 ounces.
If that 1900 ounces had been sold at the average price attained during the last quarter 1900x $2622 = $ 4,981800, so that would have taken the total sales to $ 11,273800, a record quarter for revenue. If you add the 1900 ounces retained in the mill to the ounces sold then the total ounces produced for the quarter would have been 2391+1900= 4291 ounces, another record.
ASIC reported at $ 2885 per ounce, if you add the 1900 ounces retained , and don’t add anything in regards to mine operating costs, which is probably not quite right, but the gold has been mined and milled, so I presume that it only has to be poured, then you get the following.
Mine Operating Costs $ 6,892000/4291 ounces = ASIC $ 1606, which is an increase on last quarter of $ 273 per ounce.
The other increases in expenditure for the December quarter, compared to the September quarter are as follows
Production Costs + 1,134112
Staff Costs + 1,020000
Property/Plant + 858000
Cash balance ending December quarter $ 3,190000, if you add in the 1900 ounces of gold retained in the mill at the average price achieved during the quarter of $2622 per ounce, and don’t attribute any further costs in regards to the retained gold, then the cash balance would be $ 3,190000+ $ 4,981800 = $ 8,171800, which would have been an actual increase in cash, from the previous quarter balance of $ 7,442000 which would be a increase of $ 729800.
These are just my way of looking at it, happy to be corrected, if I have made any obvious mistakes.
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