I think they did read the confusions here on the board about revenues Q3. Now they expanded the NR. Now they write they received other revenues including adjustments for smelting fees (?) Ok, but then they can't have 4055 ounces in inventory but should have now 5055 ounces !  Don't know what I have to think about...

 

SUMMARIZED INTERIM FINANCIAL STATEMENTS AND OPERATING RESULTS
 
                                                           Quarter ended June 30,
                                                                 2012          2011
 
Sales (ounces)                                             3,215         1,893
Average realized gold price per ounce           $1,604        $1,384
Gold revenues                                        5,156,063     2,620,658
Other revenue, including adjustments for
smelting fees                                         1,641,790
Total revenues                                       6,797,853     2,620,658
Operating costs, excluding depletion and
depreciation                                           3,384,546     1,884,084
Other operating costs, including 
adjustments for smelting fees                1,641,790     
Total operating cost                              5,026,336     1,884,084
Cost per ounce (1)                                      1,028           968
Earnings before income tax and non-cash
items                                                  1,497,068       480,584
Earnings before tax                              1,206,141       324,624
Net profit (loss) at subsidiary level            765,427       215,240
Majestic's share of operating (net) profit
(loss)                                                     607,280       201,129
Operational results -- Song Jiagou mine 
Tonnes of ore mined                                655,057       303,140
Tonnes of ore milled                                516,353       284,131
Tonnes per day milled                                 5,674         3,122
Effective head grade (g/t)                               0.35          0.28
Gold produced (ounces)                              4,891         2,099
Recovery                                                   84.2%         82.1%
Gold realized net of smelting fees                 4,578         1,947
 
(1) Operating costs for the three months ended June 30, 2012, 
included charges relating to the first quarter and second quarter 
totalling $1,067,516. This resulted In cash costs per gold ounce 
being adjusted by $219 per ounce. Excluding such costs would have 
resulted in a cash cost per ounce of $809.