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MANZEYA'S Canadian $ gold price ~
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terrancekeenan
60 Posts
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July 14, 2016 - 5:30 pm
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Mangazeya`s Canadian $ gold price

Mangazeya is a Canadian dollar reporting entity.

Q3 and Q4 are important months for the company, in terms of both gold production and gold sales.

Mangazeya`s realized price of gold sold per ounce:

Q3 2015 = Cdn $1,530 
Q4 2015 = Cdn $1,500

It looks like we will get a good bump up in Q3 and Q4 of 2016, versus same period last year.

Right at this moment, the Canadian gold price is $1,772.  Let`s hope we can sustain this and average, say, Cdn $1,770 in both Q3 and Q4.  If the Canadian gold price keeps trending upwards - which I expect it to - we could be averaging over Cdn $1,800 by Q4 of this year.  That would be a good bump up from the Cdn $1,500 area last year.

Total Cash Cost per oz of gold sold averaged Canadian $659 for all of 2015. 

We could realize a really nice operating margin.  Let`s say the gold price comes in at Cdn $1,770 - $1,900 range and the Total Cash Cost per oz comes in at Cdn $659 - $750 range.

Of note, the Cdn $1,772 current gold price is only about 6% away from taking out the all time Canadian high gold price of Cdn $1,883 per oz.
 

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