Juniors with Gold production
99% of the junior gold companies existing in our known universe were not advanced enough to generate gold production, to enable them to qualify for this list
Century Mining:
*market cap - $110,742,317
*’06 actual gold production - 73,823 ounces
*’06 actual cash cost - $390 US (total cash cost)
*’07 forecasted production – 100,000 ounces ($370 – 390 US total cash cost)
*’08 forecasted production – 140,000 ounces
OTHER SMALL GOLD PRODUCERS:
1) Richmont Mines
*market cap - $82,447,460
*’06 actual gold production - 44,866 ounces
*’06 actual cash cost - $538 US
*’07 forecasted production –???
2) Kirkland Lake Gold
*market cap - $698,531,916
*’06 pro-rated gold production – 49,675 ounces (pro-rated by myself to represent 4 qtrs, strictly based on first 3 qtrs of actual production)
*’06 actual cash cost - $578 US (based on 9 mths actual)***
*’07 forecasted production – 52,000
*** I did not see their cash cost per ounce published anywhere. I had to perform the calculation myself. As a result, this is not an official cash cost per ounce that is confirmed by Kirkland Lake Gold, but rather it is an estimate of their cash cost per ounce based on official data published by the company, plus an independent rough estimate for exchange rate. Calculation: $25,061,112 Cdn 9 months of 2006 Operating Expenses / 37,256 ounces for 9 mths of actual 2006 production * .86 rough exchange rate = $578 US
3) Wesdome Gold Mines
*market cap - $136,717,718
*’06 actual gold production – 52,000 ounces
*’06 actual cash cost - $377 US ****
*’07 forecasted production – 70,000 ounces
**** I did not see their cash cost per ounce published anywhere. I had to perform the calculation myself. As a result, this is not an official cash cost per ounce that is confirmed by Wesdome Gold Mines, but rather it is an estimate of their cash cost per ounce based on official data published by the company, plus an independent rough estimate for exchange rate. Calculation: $22,782,407 Cdn Total 2006 Operating Expenses / 52,000 actual 2006 ounces * .86 rough exchange rate = $377 US This $377 US is most likely lower than their actual result. Ounces from their Kiena Mine are included in their total year production, but the corresponding expenses are most likely not included in their operating expense total due to it being the bulk sample/non-commercial production period.
4) Sangold Corp.
*market cap - $168,313,714
*’06 actual gold production - ???
*’06 actual cash cost - ???
*’07 forecasted production – 50,000 ounces
5) Samafo Inc.
*market cap - $402,136,695
*’06 actual gold production – 94,800 ounces *****
*’06 actual cash cost - $353 US
*’07 forecasted production – 129,000 to 141,000 *****
*’08 forecasted production – 275,000 *****
***** Ounces for their Samira Hill operation in Niger are overstated by 60%. Those ounces belong to Etruscan and the government of Niger. Semafo is counting the ounces until cash flow repays the cap ex that is owed to them, but the 60% will eventually go back to the rightful owners.
6) Nevsun Resources
*market cap - $257,310,508
*’06 actual gold production – 37,976 ounces
*’06 actual cash cost - $634 US
*’07 forecasted production – 82,000 ounces
7) Alamos Gold
*market cap - $677,799,696
*’06 actual gold production – 101,170 ounces
*’06 actual cash cost - $318 US (total cash cost)
*’07 forecasted production –150,000 ounces
8) Aurizon Mines
*market cap - $633,665,398
*’06 actual gold production – 49,744 ounces
*’06 actual cash cost - ???
*’07 forecasted production – 165,000 to 175,000 ($265 – 285 US total cash cost per oz)
9) Claude Resources
*market cap - $133,477,384
*’06 actual gold production – 47,400 ounces
*’06 actual cash cost - $396 US
*’07 forecasted production – 48,000 ounces
10) Glencairn Gold
*market cap - $161,544,838
*’06 actual gold production – 86,536 ounces
*’06 actual cash cost - $477 US (total cash cost)
*’07 forecasted production – 90,000 to 105,000 ($385 – 425 US total cash cost per oz)
11) La Mancha Resources
*market cap - $131,984,066
*’06 actual gold production – 62,300 ounces
*’06 actual cash cost - $352 US
*’07 forecasted production – 75,900 ounces ($397 US cash cost per oz)
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