As we have been forecasting, they had record sales of $1.94 billion, realized a record price of $933 per ounce sold, and saw their cash operating margin soar by 119% from the same period last year. Further, net income was up 444% from Q1 last year. And the company’s cash operating margin rose to a record $537 million in Q108 over the prior record $419 million earned in the previous quarter.... The key point is that the increase in the profitability of the gold miners, a prerequisite for the entire gold share complex to get moving, is now materializing.
We'll be delivering to once we get Midway up and running. We have a chance to increase our earnings and add value to the bottom line. It's close to happening - rproduction is right around the corner. We'll start off as a relatively small player and take off from there.
