I was also reading about the Cannington Silver Mine Production below, apparently their AISC is $0 to produce silver. I read it was a low cost mine but that’s amazing. This is what helped with no debt I would assume.
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”Our base case production scenario for Cannington assumes all underground reserves and an additional 10mt of the resources are mined. A declining grade should see silver production fall to around 20mozpa over the next few years, however strong lead and zinc by-product credits should keep cash costs for the mine close to US$0/oz on an AISC basis.”
Source: Macquarie Wealth Management 2015
S32 No Debt and ready to move, page-31
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