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: San Gold to Release 2011 Financial and Operating Results

I am a little bit nervous about the numbers. Remember we just had our first profit Q3 and were expecting an even better Q4. The Q4 update we had, showed slightly more ounces than Q3, but with the lower grade they had to move a substansial increase in the amount of rock. The average price for gold was also (assumption??) lower in the quarter so we may see a return to a slight loss. They did lay off a couple of drills which could help the bottom line, however I am hopeful that they managed a profit. The other rabbit that they may be able to pull out is some really good Q1 numbers to soften the blow of a possible return to the red. Anyone have any thoughts?

Share
New Message
Please login to post a reply