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Message: Gold Corp Numbers..
Goldcorp came out with its numbers tonight and the financial statements are interesting and give some insight on production numbers..profit numbers..recovery costs and all sorts of interesting stuff ,if you are an investor and understand what it costs to get this gold out of the ground and into cash in our KXL account..
I will post some of the numbers here but will provide the link for the complete News Release ,which should be read to get the proper prospective of an operating gold producing company ..one which we soon hope to become...
Look especially at some of the different mines and Average mill head grade
(grams per tonne)
Red Lake gold mines: Tonnes of ore milled 194,400 198,800
Average mill head grade
(grams per tonne) 30 26
SUMMARIZED FINANCIAL AND OPERATIONAL HIGHLIGHTS
(in millions of United States dollars, except per share and per ounce
amounts)
Three Months Ended
September 30
2009 2008
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Gold produced (ounces) 621,100 557,400
Gold sold (ounces) 601,500 550,500
Copper produced (thousands of pounds) 22,700 28,600
Copper sold (thousands of pounds) 24,300 26,400
Silver produced (ounces) 2,975,000 2,267,600
Silver sold (ounces) 2,386,900 1,722,000
Average realized gold price (per ounce) $ 968 $ 865
Average London spot gold price (per ounce) $ 960 $ 872
Average realized copper price (per pound) $ 3.63 $ 2.48
Average London spot copper price (per pound) $ 2.65 $ 3.49
Average realized silver price (per ounce) $ 9.30 $ 7.64
Average London spot silver price (per ounce) $ 4.69 $ 15.09
Total cash costs - by-product (per gold ounce) $ 295 $ 346
Total cash costs - co-product (per gold ounce) $ 384 $ 398
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Production Data:
Red Lake gold mines: Tonnes of ore milled 194,400 198,800
Average mill head grade
(grams per tonne) 30 26
Gold ounces produced 178,800 160,100
Total cash cost per ounce
- by product $ 255 $ 297
Porcupine mine: Tonnes of ore milled 1,013,900 921,700
Average mill head grade
(grams per tonne) 2.90 2.64
Gold ounces produced 90,600 69,000
Total cash cost per ounce
- by product $ 406 $ 583
Musselwhite mine: Tonnes of ore milled 291,800 316,600
Average mill head grade
(grams per tonne) 5.51 5.60
Gold ounces produced 49,800 52,300
Total cash cost per ounce
- by product $ 737 $ 597
San Dimas mine: Tonnes of ore milled 170,800 161,300
Average mill head grade
(grams per tonne) - gold 5.13 3.78
Average mill head grade
(grams per tonne) - silver 237 234
Gold ounces produced 27,500 19,000
Silver ounces produced 1,231,800 1,132,600
Total cash cost per ounce
- by product $ 313 $ 436
Total cash cost per ounce
- co product $ 313 $ 436
Los Filos mine: Tonnes of ore mined 6,040,000 5,361,300
Tonnes of waste removed 7,062,100 5,694,900
Tonnes of ore processed 6,135,200 5,429,300
Average grade processed
(grams per tonne) 0.63 0.61
Gold ounces produced 60,200 47,400
Total cash cost per ounce
- by product 455 391
El Sauzal mine: Tonnes of ore mined 586,400 630,200
Tonnes of waste removed 1,110,100 990,800
Tonnes of ore milled 530,600 524,400
Average mill head grade
(grams per tonne) 2.86 4.75
Gold ounces produced 45,500 76,200
Total cash cost per ounce
- by product $ 220 $ 147
Marlin mine: Tonnes of ore milled 536,300 387,700
Average mill head grade
(grams per tonne) - gold 4.29 4.86
Average mill head grade
(grams per tonne) - silver 92 98
Gold ounces produced 68,800 51,000
Silver ounces produced 1,083,200 699,600
Total cash cost per ounce
- by product $ 185 $ 304
Total cash cost per ounce
- co product $ 347 $ 400
Alumbrera mine: Tonnes of ore mined 2,301,800 3,960,500
Tonnes of waste removed 5,491,700 6,562,100
Tonned of ore milled 3,424,100 3,361,900
Average mill head grade
(grams per tonne) - gold 0.39 0.44
Average mill head grade (%)
- copper 0.38 0.46
Gold ounces produced 29,500 34,400
Copper (thousands of pounds)
produced 22,700 28,600
Total cash cost per ounce
- by product $ (823) $ (112)
Total cash cost per ounce
- co product $ 475 $ 511
Marigold mine: Tonnes of ore mined 2,624,200 1,514,500
Tonnes of waste removed 4,261,400 3,435,400
Tonnes of ore processed 2,624,200 1,514,500
Average grade processed
(grams per tonne) 0.64 0.57
Gold ounces produced 29,900 21,800
Total cash per ounce
- by product $ 542 $ 693
Wharf mine: Tonnes of ore mined 681,900 824,800
Tonnes of ore processed 804,500 906,500
Average grade processed
(grams per tonne) 0.87 0.72
Gold ounces produced 17,300 15,900
Total cash per ounce -
by product $ 665 $ 408
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Financial Data:
Cash flow from operating activities (before changes
in non-cash working capital) $ 321.1 $ 237.3
Net earnings $ 114.2 $ 297.2
Earnings per share - basic $ 0.16 $ 0.42
Adjusted net earnings per share - basic $ 0.19 $ 0.09
Weighted average number of shares outstanding
(000's) 731,815 713,718
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CONSOLIDATED STATEMENTS OF EARNINGS
(US dollars in millions, except for share and per share amounts - Unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
2009 2008 2009 2008
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Revenues $ 691.9 $ 552.2 $ 1,945.3 $ 1,810.6
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Operating expenses 303.4 279.1 865.5 856.5
Depreciation and depletion 130.7 122.8 384.8 353.9
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Earnings from mine operations 257.8 150.3 695.0 600.2
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Corporate administration (1) 31.2 33.5 96.7 100.0
Exploration 8.7 17.4 23.3 45.2
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Earnings from operations 217.9 99.4 575.0 455.0
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Other income (expenses)
Interest and other income
(expenses) (0.6) 8.8 (5.6) 27.6
Interest expense and finance
fees (12.5) (0.9) (37.0) (7.1)
Share of income of equity
investee - - - 3.9
Gain (loss) on foreign
exchange (28.1) 253.7 (237.7) 95.9
Gain (loss) on non-hedge
derivatives, net (0.4) 15.9 9.3 (16.4)
Gain (loss) on securities,
net 5.2 (23.5) 5.6 (25.0)
Gain on disposition of Silver
Wheaton shares - - - 292.5
Dilution gains (loss) - 0.5 (0.7) 1.9
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(36.4) 254.5 (266.1) 373.3
Earnings before taxes and
non-controlling interests 181.5 353.9 308.9 828.3
Income and mining taxes (67.9) (57.2) (136.5) (302.4)
Non-controlling interests 0.6 0.5 1.1 (8.4)
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Net earnings $ 114.2 $ 297.2 $ 173.5 $ 517.5
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(1) Stock based compensation
expense (non-cash item)
included in corporate
administration $ 12.7 $ 11.0 $ 34.6 $ 30.7
Net earnings per share
Basic $ 0.16 $ 0.42 $ 0.24 $ 0.73
Diluted $ 0.16 $ 0.42 $ 0.24 $ 0.72
Weighted average number of
shares outstanding (000's)
Basic 731,815 713,718 730,709 710,936
Diluted 735,808 717,913 734,066 715,415
CONSOLIDATED BALANCE SHEETS
(US dollars in millions - Unaudited)
September 30 December 31
2009 2008
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Assets
Cash and cash equivalents $ 785.3 $ 262.3
Marketable securities 17.0 10.1
Accounts receivable 209.0 178.6
Income and mining taxes receivable 50.7 15.6
Future income and mining taxes 4.5 3.3
Inventories and stockpiled ore 294.4 226.2
Other 67.9 66.2
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Current assets 1,428.8 762.3
Mining interests 17,776.3 17,062.5
Deposits on mining interest expenditures 168.0 229.3
Goodwill 761.8 761.8
Stockpiled ore 93.5 92.6
Investments 369.7 71.9
Other 26.2 28.4
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$ 20,624.3 $ 19,008.8
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Liabilities
Accounts payable and accrued liabilities $ 347.0 $ 294.0
Income and mining taxes payable 203.2 -
Future income and mining taxes 74.5 181.5
Current portion of long-term debt 15.4 -
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Current liabilities 640.1 475.5
Income and mining taxes payable 10.4 28.0
Future income and mining taxes 3,497.2 3,203.9
Long-term debt 712.2 5.3
Reclamation and closure cost obligations 274.1 273.1
Other 25.4 12.7
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5,159.4 3,998.5
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Non-controlling interests 49.7 51.2
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Shareholders' Equity
Common shares, share purchase warrants, stock options
and convertible senior notes 12,878.4 12,625.2
Retained earnings 2,311.8 2,237.0
Accumulated other comprehensive income 225.0 96.9
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http://www.marketwire.com/press-release/Goldcorp-Inc-TSX-G-1071379.html
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