Ann: Record Quarterly Gold Sales , page-16

From the Sydney morning Herald today.

Those Motley guys are usually pretty bearish for gold and gold miners, so interesting to see a change here

http://www.smh.com.au/business/the-bull-case-for-goldminers-20131002-2us1r.html

paragraphs of note:

While many analysts would recommend Newcrest Mining (ASX: NCM), Australia's largest listed goldminer, the company is likely to be forced to close some of its higher cost mines, and given Newcrest's issues with overly optimistic product forecasts, disclosure, mis-timed asset purchases and writedowns, shareholders can't be certain that the company will act in their interests at all times.

On the other hand Silver Lake Resources (ASX: SLR) has just announced record quarterly gold sales for the quarter ending June 2014, is focused on lowering its costs, has two mine sites with multiple mines, reserves of about 1.7 million ounces of gold and is looking at establishing a third goldmining centre. Additionally, the current share price is less than the net current tangible assets per share, meaning the market is assigning zero value to future gold production.