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Cdn $ Gold Price and Total Cash Cost Per Oz
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terrancekeenan
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September 5, 2016 - 3:04 pm
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Cdn $ Gold Price and Total Cash Cost Per Oz

Operational results were very solid, despite the flooding in the pits in early H1.  It is probably a testament to the quality of ops managers, pit crews and heap leach processing staff.
H1 gold price was Cdn $1,607.  H1 total cash cost per oz was Cdn $781.  As such, we realized a solid 51.4% op margin profit per oz (Cdn $826).

As a seasonal operating company, Q3 is typically our big quarter (both production and sales) and we are looking good going into this Q3 - actually, it is already 67% complete.

The Cdn $ gold price seems to have average around $1,740 per ounce in the first couple of months of Q3 thus far - even better than the H1 gold price.

It would be good for Mangazeya to finally be granted the TSX Venture approval (I don`t know what else it`s going to take - the company is already realizing a net profit on the bottom line) and then launch a promotional campaign (with both retail and institutional investors).

per:  production05

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