Pretivm Reports Third Quarter Results ceo.ca/@marketwired/p…
Would’ve crushed the quarter if it wasn’t for timing of gold sales. 7,984 ounces of gold doré and 26,493 ounces of gold in concentrate will be sold in the fourth quarter of 2017.
Cash Costs $656
AISC $788
AISC $788
Another 63,000 oz of Silver that was produced but wasn’t sold.
So over $35M in sales not accounted for, deferred until Q4.
Revenue recognized when control is transferred to the customer. Control is achieved when a product is delivered to the customer, the customer has full discretion over the product and there is no unfulfilled obligation that could affect the customer’s acceptance of the product.
Cormark: .12 eps adj; .21 CFPS adj
RBC: -.02 eps adj; .14 CFPS adj
CIBC: .13 eps; .26 CFPS
PVG EPS adj .05 and CFPS adj .26.
And that’s with deferred gold sales.
RBC: -.02 eps adj; .14 CFPS adj
CIBC: .13 eps; .26 CFPS
PVG EPS adj .05 and CFPS adj .26.
And that’s with deferred gold sales.
There are 15m shorts question is are they going to press because of timing of sales or capitulate as Q4 will be much better?
Cost of sales would have been $62.9m instead of the $44.9m accounted for on the PnL assuming the gold sales were made in the period.
Therefore revenue would have been $115m. Cost of sales $62.9m and earnings from mine operations $52.1m.
Cost of sales showing $63m less the change in inventories accounting for the cost of production of the ounces that weren’t sold. 
