Similar to GORO, most of their production is silver. For 2012, they plan on producing 3.7 million ounces of silver and 17,400 ounces of gold. That is very close to what GORO produced in 2011. But here is the funny part, GORO reports their data as AUEQ but Fortuna Silver reports their data as AGEQ.
"For 2012, Fortuna is scheduled to produce 3.7 million ounces of silver and 17,400 ounces of gold production or 4.6 million Ag Eq ounces plus base metal credits."
So I must ask, why does GORO call itself Gold Resource Corp and report their production numbers in AUEQ instead of AGEQ.
You need a link amadeus?
Oh yeah, they got more cash in the bank than GORO. They have a larger resource size than GORO. Their resource size is 43-101 compliant, GORO's is not. And of course, they have a much smaller market cap than GORO. LMAO!!!!!
Compare GORO to: anv, rio.v, bto.to, fsm, etc. If you do, not only will you sell GORO, you will short it.
Waiting for the usual suspects to respond: only 1% of their property has been explored. GORO's cash costs are much lower. Gold production is increasing next year. BLAH BLAH BLAH.
YOU WILL GO BROKE OWNING THIS FOLKS.
"Liar. You sold shares. You simply call them "trading" shares."
Yes another attempt, Natash, to distort and twist my words. I sold NO SHARES on the ride down. If you check my posts, you will find that I started trading shares since the stock has been rising from $16, not before.
Prove me wrong, liar.
<<Then go ahead and compare it to Fortuna. Some output at 50% higher cost with zero upside. That gets you a 50% lower valuation.>>
No need for me to put in the effort, if you've already gotten your answer.
<<We know they dug in to stockpiles in Q2. What's your point? Do you have one? >>
Yes, in Q2 AND in Q1 AND in Q3. All throughout 2011 they have pared back their mining expenditures.
This is just one of the "mother's little helpers" to help you think they can carry that dividend.