GOLD 0.51% $1,391.7 gold futures

nothing wrong with base metal credits - but you are missing the...

  1. 9,759 Posts.
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    nothing wrong with base metal credits - but you are missing the point

    AMI is saying its 50kozpa gold eq LOM output but also saying its cash costs are $380/oz with credits

    wel thats doubling up

    either its producing (for argument sake i dont know exact number) 35kozpa gold at 380/oz or its producing 50koz pa at whatever the normal cost base

    you can only use the base metals at revenue line or cost line - not both or you are double counting

    its an old trick miners use to baffle retail investors
 
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