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saildone

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Re: resourceinvest post# 20900

Friday, 07/29/2016 6:04:21 AM

Friday, July 29, 2016 6:04:21 AM

Post# of 24249
Not sure it deserved a response but surely helped clarify something for me. Thanks
I've never got why; Silver is accounted for as a by-product credit in costs applicable to mining revenue. It's an accounting tactic that always left me wondering. Granted that if they poured a couple of thousand oz of gold and sixteen thousand oz of silver then the silver would only account for about another 13 GEO so it wouldn't move the needle very much.
Still, the company tends to announce having poured X GEO during a given period. It is GEO when talking to the investors but gold with a silver byproduct in their accounting.
Welcome back, hope you had a good trip.
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