Caution Caution Caution
Another BMO/GTM/CRS in the making
They have forward sold alot of gold and this is from their latest Qtrly
Production from the Fortnum Gold Project was 7,228 ounces (previous
quarter 5,928 ounces) at cash operating costs of A$833/ounce. Gold
sales were 5,870 ounces at A$898/ounce (previous quarter 5,588 ounces
at A$886/ounce).
So cash operating costs of A$833/ouncevs A$898/ounce sales price
= Margin of $65 oz
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