worzel1 Read the following and if you dont agree present your...

worzel1

Read the following and if you dont agree present your figures and proof of your argument.
Mine is from the Q production report.
We had an email from the company to say the unsold Gold was not included. Where did you get your information?

 Costs – Cash costs for the September quarter were US$685 per ounce. All-in Sustaining Costs (“AISC”)*for the September quarter were US$797 per ounce.

* AISC has been calculated in accordance with the World Gold Council’s Guidance Note on Non-GAAP metrics released 27 June 2013 and in accordance with this Guidance Note, gold ounces sold are used as the denominator in the cost per ounce calculations. Production costs are inclusive of the effects of ore stockpile and GIC inventory movements.

Production Gold recovered in the September 2016 quarter totalled 46,855 ounces, an increase of 57% over the September 2015 quarter. Gold production for the first nine months of 2016 was 103,497 ounces, an increase of 26% over the same period last year.

Gold sales for the September quarter totalled 39,607 ounces.

During the quarter, the Company made net debt repayments of US$0.5 million which included the quarterly scheduled payment of US$5 million to Santander – Itaú.
The Company expects to further reduce its bank and third party debt in the December quarter.
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