Ann: Quarterly Activities Report, page-138

Physical and Financial Performance from page 4 of the Quarterly Activities Report

The table below details the performance of the mine for the 7-week period of Firefinch ownership


11 November 2020 to 31 December 2020

Tailings mined tonnes 904,186
Mined grade g/t 0.45
Contained gold ounces 13,132
Ore milled tonnes 900,293
Head grade g/t 0.45
Recovery % 52.3%
Gold produced ounces 7,625
Gold sold ounces 8,125
Realised gold price US$/ounce 1,863

Gold revenue US$ 15,139,993

Mining costs US$ 37,751
Processing costs US$ 5,303,272
Site Administration costs US$ 1,981,001
Royalties US$ 906,311
Refining US$ 49,672

Operating Cost US$ 7,322,025


So I calculate the profit to be

Net operating profit @ US$ 7,818,000