Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Re: Financials??
2
Aug 17, 2009 07:41PM
Full set of finacials avialble at SEDAR or Stockwatch.com news release link to SEDAR. Make sure you factor following paragragh when reading them! e quarter is the recovery of 5,502 ounces of gold on which revenue is not recognized. These commissioning ounces are recorded as a reduction to the capitalized value of the Hinge mineral property; this translates to a dollar amount of $5,885,434 – when commercial production is declared on the Hinge, these ounces will be considered production and be recorded as revenue which would have a material impact on the reported performance of the Company. During the quarter mine production came solely from the Rice Lake mine. The mine uses shrinkage, panel, longhole and mechanized cut and fill mining methods. Currently the operation is dependent on a higher percentage of lower grade development ore than is planned once the operation reaches steady state. The recovered grade of the Rice Lake ore continues to show improvements over last year and over the previous quarter. As the Hinge mine continues its transition from exploration to development and production some Rice Lake employees will be redeployed and some additional personnel will be required to supplement the current workforce.
2
Aug 17, 2009 09:27PM
3
Aug 17, 2009 10:20PM
1
Aug 19, 2009 07:03PM
1
Aug 19, 2009 07:29PM

Aug 19, 2009 08:10PM
3
Aug 19, 2009 10:22PM

Aug 19, 2009 11:23PM
3
Aug 20, 2009 11:03AM

Aug 20, 2009 01:55PM
4
Aug 20, 2009 02:06PM
1
Aug 20, 2009 02:18PM
3
Aug 20, 2009 03:16PM
1
Aug 20, 2009 04:21PM
2
Aug 20, 2009 05:47PM
2
Aug 20, 2009 06:29PM
6
Aug 20, 2009 07:20PM
1
Aug 20, 2009 07:45PM
3
Aug 20, 2009 08:41PM
Share
New Message
Please login to post a reply