I took the numbers and percentages from Page 4 of the Q1 financials (INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) updated the Q2 production and used $1150 as a average sales price and got the following...
I am not an accountant...just set up a spreadsheet. Just trying to get a feel for the Q2 numbers.
Obviously, no one knows the exact percentages for Q2. Take it for what it is worth...do your own DD.
AVERAGE PRICE OF GOLD Q2 $1,150
Q2 GOLD PRODUCTION 44,850
Revenue (44850oz x $1150) $51,577,500
Operating Expenses
Production Costs (43%) $(22,178,325)
Depletion and Depreciation (15.58%) $(8,032,680)
GROSS PROFIT FROM OPERATIONS $21,366,495
General and Admin (6.8%) $(3,507,270)
Share Based Payments (.00983%) $(507,007)
Other Charges and Provisions (.01815%) $(936,132)
NET INCOME FROM OPERATIONS $16,416,087
Finance Expenses (.14767%) $(7,616,449)
Foreign Exchange Gain/Loss $-
Interest Income/Loss $-
NET INCOME/LOSS $8,799,637
Weighted Average of Common Outstanding
Diluted 252,221,000
Net Income Per Diluted Share 0.035
