Hiepn2_2005,
At a cash cost per tonne of c. $67/t and a recovery of c. 93% the operational break-even point for MML at $400/oz PoG would be at a grade of around 5.5g/t. (note. expected sustainable grade at the new expanded rate is 8g/t).
So no, I don't think there is much chance of a falling PoG seriously impacting profits.
If PoG fell to even $800/oz most of the world's gold mines would need to either high-grade (if they were able) or more likely shift into care and maintenance!
CPDLC
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