Endeavour Mining Corporation - "STINKS!" 1Q13 just out......
finance.yahoo.com
Look at this garbage.....
Q1/2013 Financial and Operating Highlights
Gold production was 73,654 ounces - Gold sold was 71,926 ounces for a mine cash margin of $46 million (equivalent to 28,400 ounces of gold), and after corporate costs, sustaining capital and near-mine exploration expenses generated an all-in sustaining margin of $39 million (equivalent to 23,994 ounces of gold or a 33% margin)
- Total cash cost per ounce sold was $897
- Including royalties, corporate costs, sustaining capital and near-mine exploration, the all-in sustaining cash cost per ounce sold was $1,083 . See Table 4 for calculation details
- Adjusted net earnings of $9.0 million or $0.02 per share
- As of March 31, 2013 , Endeavour had cash, cash equivalents, and gold bullion of $128 million with long-term debt of $200 million drawn from a corporate facility
- The Tabakoto cost reduction program has decreased cash costs by 25% from $1,250 in late 2012 to $932 per ounce produced in Q1/2013, with further cost benefits expected from the program and the recently completed mill expansion. {they are doing what Stan Bharti's boyz apparently couldn't do!}
- Assuming a gold price of $1,400 for the balance of the year, we expect to generate an all-in sustaining margin of approximately $127 million for 2013, which compares to our original forecast of $166 million at a $1,600 gold price
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