KCN 0.00% $1.36 kingsgate consolidated limited.

smashed, page-13

  1. 742 Posts.
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    Hi Primetime,

    Their report said the cash cost at Chartree increased $100/oz with the new expansion (USD$767/oz, up from USD$618 in 2012). Then add $150/oz for royalties, and after depreciation + amortization you're at $950/oz. Then add corporate, etc onto this.

    As for Challenger, cash cost in USD$1135/oz. They keep getting smashed by the grade. From the report "The grade was lower than expected due to a shortfall in ore supply from the mine that was supplemented by low grade ore from stockpiles.... Development and mining commenced at the higher grade Challenger West orebody during the year, but was insufficient to offset the shoirtfall from Challenger Deeps".

    On a unit basis, this gave cash cost $888/oz (ironic that in Chinese, this is the number for wealth!). $888/oz was up from $720/oz last year.

    Brutal.
 
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