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Trevor Schultz
President and CEO |
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The Key Figures
| Production figures |
2004 |
2003 |
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| Production (oz) |
77,245 |
92,733 |
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| Cash cost (US$/oz) |
402 |
346 |
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| Realized gold price (US$/oz) |
409 |
364 |
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| Key financial figures (US$ ‘000) |
2004 |
2003 |
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| Total revenues |
30,377 |
33,727 |
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| Net loss for the year |
21,217 |
14,221 |
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| Working capital |
16,528 |
16,702 |
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| Total assets |
26,282 |
35,422 |
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| Shareholders equity |
18,644 |
19,884 |
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REVIEW OF OPERATIONS
"The year 2005 is regarded as a transition year as stacking on the heaps slow and construction commences on the new plant installation" more>>
LEFA CORRIDOR FEASABILITY STUDY
"The future lies in expansion, with all the major building blocks now in place" more>> |
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STATEMENTS FROM TREVOR SCHULTZ
"2004 has been an exciting and challenging year for the company, both organizationally and operationally" more>>
MANAGEMENT’S DISCUSSION AND ANALYSIS
Management’s discussion and analysis of the consolidated operating resullts and financial condition of Guinor Gold Corporation (“Guinor”) for the fiscal years ended December 31, 2004 and 2003 should be read in conjunction with the consolidated financial statements and accompanying notes which have been prepared in accordance with Canadian GAAP. This Management’s discussion and analysis has been prepared as of March 23, 2005. more>>
EXPLORATION ACTIVITIES
"The Lero project land holding is now in excess of 2,200 sq km and is considered by the SMD geologists to be highly prospective – a suggestion supported by the extensive artisanal workings" more>>
HEALTH, SAFETY AND ENVIRONMENT
"SMD observes responsible health, safety and environmental practices which are generally more stringent than required by local law, with aims and objectives focused on achieving best international industry standards" more>>
CORPORATE GOVERNANCE AND SHAREHOLDER INFORMATION
"Guinor’s ultimate goal is to create shareholder value through efficient exploration for gold and development of gold projects" more>>
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