Revenue improvement: For the fourth quarter, the Company recorded revenue of $149.7 million and net income attributable to Golden Star of $9.1 million, or $0.04 per share, compared to 2011 fourth quarter revenue of $118.8 million and net income attributable to Golden Star of $7.2 million, or $0.03 per share. Included in 2012 fourth quarter net income is a gain of $9.2 million on the sale of the Company's Saramacca exploration asset, which more than offset the $2.5 million in higher general and administrative costs (primarily higher due to charges related to the head office move).
Operating cash flow improvement: Operating cash flow, after changes in working capital, provided $35.6 million, up from $19.5 million in 2011.
$35,000,000 cash flow IS nice. Breaking even in this environment is a plus, IMO.
Adding cash for expansion is a bonus.
What will our earnings begin to look like with $2200 gold?
I wouldn't even be in this sector if $1570 gold were a fixed price.