The conference call transcript provides a good amount of color and makes the information on this chart easier to grasp. But the short of it is this: management is confident that the annual ounces of gold production will increase from something in the neighborhood of 45,000 in 2012 to nearly 100,000 within the next five years (2017). AND, the cost to produce each ounce is expected to fall from $1,000 to $800.
I think a company that can double its mining output and cut costs of production at the same time might make some money, no? (more)
This post will take a quick look at Claude Resources Inc (CGR) which very recently posted its 2012 results and provided a substantial amount of very favorable information in their conference call last Thursday, March 28, 2013...
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