Q-reus thanks, well CALVF's Gold operating costs in the quarter decreased to US$547 per ounce :-) GOLD compared to US$648 per ounce in Q1.
Caledonia has made well over US$100,000,000 from gold production at their Blanket Mining operation. The company is also now in the process of reconditioning and/or adding infrastructure on 3 additional satellite mines to increase their production to around 50,000 Au ounces per year. That makes for a lot of gold bars.
Note. CALVF also told investors that in last month alone (July), the company produced 4,708 ounces.
ex. even if the gold production stay @ 4,708oz/mon for next 12 mon. its Au 56,496 oz/year :-) and with POG @ $1735.-/oz its about $100 million/year CALVF has about $20 million in cash - NO DEBT - and the Blanket Mine running still only @ half its production capacity :-)
btw. CALVF has increased their gold production every quarter - ex. CALVF produced 11,560 ounces of gold in the second quarter - 26 per cent more than the preceding quarter -
GOLD'S EXPLOSIVE RISE WILL EASILY EXCEED GOLD'S INFLATION ADJUSTED 1980 HIGH -
In inflation-adjusted dollars, today's equivalent of 1980's then record price of gold, $850, is $2,466. When gold does make its explosive ascent, it will take out $2466 -
the panic to exchange dollars for gold will be so greatFed interest-rate hikes will be ignored and dismissed with the same disdain that today's officials view individual rights and constitutional limits.
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