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(2) Gold production totals for 2016 include treatment of 13,227 tonnes of flotation tails. Financial Highlights Cash Cost for the year to date of US$772 per ounce. All-In Sustaining Cost for the year to date of US$951 per ounce. Gross profit from operations of US$9.74 million for the first nine months of 2016 which represents an improvement of 138 per cent compared to the same period in 2015. Post tax profit of US$1.47 million compared with US$0.19 million for the same nine month period in 2015. Earnings per share of 0.35 cents for the first nine months of 2016. Cash holdings of US$3.12 million at 30 September 2016. Average gold price of US$1,256 received on gold sales in the first nine months of 2016. Negligible borrowings with secured debt facilities outstanding at 30 September of only US$1.4 million (30 June 2016: US$4.7 million) 2016 Guidance Forecast gold production for 2016 expected to be approximately 39,000 ounces. The Company maintains its cost guidance for the full year of an All-In Sustaining Cost of US$950 to US$985 per ounce reflecting the continued strength of the Brazilian Real with has appreciated by 19 per cent since March 2016. Operational Highlights Record quarterly gold production of 10,233 ounces for the third quarter of 2016 (Q2 2016 – 9,896 ounces). Mine production totalled 43,133 tonnes, a 28 per cent increase over the preceding quarter. 31,916 tonnes at a grade of 9.52 grammes per tonne (g/t) of gold from Palito.
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Bouw’s aerobatic wings of choice is a Pitts S-1S, a fabric-covered biplane first designed in 1946. “It has won more aerobatic competitions than any other plane,” he said, though in recent years it has been outperformed in power and roll rate by newer planes. But having a reliable airplane and proven flight skill isn’t always enough. Bouw met for an interview, wearing a jacket bearing the phrase “Chute happens: Live with it.” It was a chute — required by law in the U.S. — that kept him alive last Saturday. That, timing, and a bit of luck. Stunt pilots keep their aircraft over non-populated areas — farmland, woodlands such as the Croatan Forest, over airports or over large bodies such as the Neuse, which is about a mile wide where his airplane came down, within sight of Union Point. They ride with a military-style parachute — meaning it is fairly small and not really capable of maneuvering by its wearer. It is strapped onto the body with the parachute being behind the buttocks so that the wearer actually sits on it in the airplane. He said the FAA is investigating his crash, and that he has talked extensively with investigators about his 4 p.m. crash.
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