Agree and Obviously not all sold using 4th quarter chart recoveries from quarterly report (I get please check the maths) :
Current Spot Price 29/1/13 :
$1,657.80 Gold Div Gold Price By Silver Price
$30.95 Silver Gold price Is 53.56 times more than Silver
4th Quarter Production
52,267.00 Silver
53.56 Divide by Silver/Gold Equiv Factor
=975.86 Gold Equivalent Ounces (Of Silver)
HENCE 4th Quarter Values Production
4719.00 Gold
975.86 Gold Equivalent
5,694.86 TOTAL Gold/Gold Equivalent Ounces
$1,320.00 Current/Oz Only paid into hedge program
$7,517,215.20 VALUE (when all sold)
And 4th Quarter stated a 10% increase in tons mined namely 107,788 tonnes, resulted in an increase of 90 % in gold recovered namely 4,719 ounces and an increase of 129 % in silver recovered over the previous quarter.
Now ramping up to 90 % throughput heading for spec's, next Quarter should be very interesting.
announcement ...comments befor opening, page-31
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