LoneClone RE GORO With 2012 opps problems, POG, and added Capex, the divy cut was a given. Looks like market may like the future and the nearly doubling of 2012 avg run rate being guided for in 2013.
2012 Record production of 90,432 ounces (AuEq)
total cash cost of $419 per ounce AuEq
Record annual revenue of $131.8 million
Record annual mine gross profit of $87.8 million
Annual net income of $33.7 million, or $0.64 per share
Record annual dividends of $36.5 million, or $0.69 per share
averaged 772tpd for 2012 and are guiding for 1500tpd to start the new year after the current expansion is completed. (I bet you'll be suprised)
GORO'S valuation is no longer lofty and if they put that all together, they'll be better than fine. Grade is king!
