Always fun to have a guess at the numbers - still expecting $US30+ million in operating cashflow for the quarter. The P&L might look something like this(all in USD millions)- Sales Revenue $67(75,000 ozs @ $895) Cash cost of sales $30(75,000 ozs @ $400) Deprec & amort $12 General & admin $3 Interest cost $4 NET EARNINGS(before exchange,hedging & tax)$18 Exchange gain $2 Derivative hedging loss $22 NET LOSS(before tax)$2
The biggest guess here is the amount of ozs produced as the rest of the numbers should fall into line.
OGC Price at posting:
82.5¢ Sentiment: LT Buy Disclosure: Held