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Gold Resource Corp Message Board

  • keepshorting keepshorting Aug 10, 2011 1:53 PM Flag

    question for the Reid's

    what happened to 90,000 ounces in 2011 with $0 cash costs?

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    • You are really sounding desperate here. The run rate is now 80k, which is not a big difference from 90k. Sure, they will only produce 60k/70k this year. But all anyone should care about is the current run rate and expectations in future quarters.

      As for $0 cash costs, $157 cash costs is nothing to sneeze at, especially given the mine was out of production for the better part of April and May and they had to use open pit ore during that time (with nothing in the way of copper/lead/zinc).

      I was impressed they were able to arrive at $157. There are very few miner who can claim even that cash cost level.

      Your barking just for the sake of barking. And it will do you no good. Your only smart option now is to cover and move on.

      You will be forced to do so sooner or later. If you are smart, and wish to accrue at least a modest profit, you will do so sooner than later.


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