Southridge Enterprises Inc (SRGE)

[JohnCM]

An idea what a $10.00 per share gold mining company is reporting for the quarter. O/S 1.1B. Just to offer the smallest reference point. This is not suggesting these are numbers SRGE should be expecting in the near future ...

"-- Production(1): 672,173 gold equivalent ounces, compared with 632,432
ounces in Q3 2011.
-- Revenue: $1,109.7 million, compared with $1,041.0 million in Q3 2011.
-- Production cost of sales(2): $677 per gold equivalent ounce, compared
with $626 in Q3 2011.
-- Attributable margin(3): $972 per ounce sold, compared with $1,018 in Q3
2011.
-- Adjusted operating cash flow(4): $434.4 million, compared with $412.9
million in Q3 2011. Adjusted operating cash flow per share was $0.38,
compared with $0.36 in Q3 2011.
-- Adjusted net earnings(4), (5): $250.4 million, compared with $269.4
million in Q3 2011. Adjusted net earnings per share were $0.22, compared
with $0.24 in Q3 2011.
-- Reported net earnings(5): $224.9 million, or $0.20 per share, compared
with $207.1 million, or $0.18 per share, for Q3 2011.
-- Outlook: The Company remains on track to meet its 2012 production
forecast of approximately 2.5-2.6 million gold equivalent ounces from
its continuing operations, and its cost of sales forecast of $690-$725
per gold equivalent ounce. As a result of the cost reduction initiative
announced in Q2 2012, Kinross has identified approximately $200 million
in capital expenditure reductions for 2012, and has reduced its full-
year capital expenditure forecast to $2.0 billion from the previous
forecast of $2.2 billion."