Ann: Quarterly Activities Report , page-11

pinto,

says at the bottom of page 2

"cash operating costs refers to the cost of refined gold and includes all expenditure directly incurred on mining, crushing and processing including site administration cost including royalties"

Was expecting 22k oz roughly considering they did 14.5k oz up to 14th of februrary so 28k OZ is a great result and I agree I love how this company underestimates its forecasts.

But with cash costs last quarter of $602 and this quarter of $802 could explain why fml hasn't been the same lately as far as volume and following spot gold like its peers. Would have liked more of an explanation of why its so much higher.

does the increase in production outweigh the increase in cash costs, taking it easy until i see direction