Best I can tell Q4 produced $0.01/share and that would be a miss of -$0.07 and a -$0.06 for all of 2019. So the Take away is Record Gold Production in 2019 and record Sales of nearly $135.4 Million. Production costs per oz of gold spiked to $1,100. I believe Tier 1 producers have costs around $950 so their should be a "Q" on the Call tomorrow about this increase because I do believe in the Q3 Call they said they thought they would have production costs below $1,000 going into 2020. The REAL takeaway here is Further gains in Gold Production at the same time Metal Prices continue to Increase.
Institutions really needs to hammer the profitability issues here. I they can't produce REAL Shareholder Value by expansion of NET INCOME after Expenses then CREW the Dividend because the month Dividend will become Delutive. If they can't do any better than what they Produced in Q4, Shareholders should begin to ASK Management to Explore alternatives to achieve Real Shareholder Value.........Like the Sale of the Company because with nearly NO Debt Gold Resource should command at least $8/Share and like I said before all in, GORE is the Cheapest $10 stock in the Junior Gold Miner Sector.
Investors NEED to be assertive here. At these elevated Gold Prices, GORE should be producing PROFITS..........RECORD PROFITS!!!!!!!!!!!!!!
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