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Davy Boy

16,429 Posts.

3867

05/08/16

13:46

Post #: 18453966
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Originally posted by Romann ↑

Can you please elaborate on this or do you have anything you could point me to regarding these contracted prices?

Last qrtly profit and revenue looked excellent. Revenue and Profit looks pretty strong here.

Record Gold and Silver Production at Mineral Hill $4.9M Profit Turnaround  9,209oz of Gold and 111,826oz of Silver produced for the quarter o Gold production – 79% increase from last quarter o Silver production – 226% increase from last quarter  Currently high grade sulphide ore from the Pearse open pit is being processed through the flotation and CIL circuits with average total gold and silver recoveries achieving 71.2% and 65.8% respectively  Pearse open pit produced and delivered over 45,000 tonnes of ore to the plant and stockpiles. The open pit ore has averaged 6.64 g/t Au and 71.81 g/t Ag, which is above expectations  Commissioning of the second concentrate filter and CIL carbon regeneration kiln were both completed during the quarter, with increased plant unit throughputs realised in March 2016  Unit cost of production for the quarter is $1,097/oz Au (including Ag credits). This is a decrease of 22% from the December quarter (reported at $1,399/oz). This is higher than planned as it includes certain non-recurring plant commissioning costs  The Company’s EBITDA for the quarter was $2.8M. Net profit for the Company improved $4.9M with profit for the quarter of $0.8M compared to a loss in the previous quarter (December 2015) of $4.1M  Share issue to creditors of $2.9M with a further decrease in trade creditors of $0.7M for a total decrease of $3.6M, current balance is $13.9M down from $17.5M at the end of December  The cash balance is managed so as to reduce creditors as much as possible. At the end of the quarter it was $0.84M, up from $0.02M at the end of December

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KBL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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