Ann: DrillingNME: Recommences at High-Grade Kookynie Gold Project, page-23

Heres a look at the last 20 yr history of the Gold price in Australian dollars and you can clearly see why investors are now piling into Australian Gold miners and explorers like MCT.



"The average All-in Sustaining Cost (AISC) for Australia and New Zealand was A$1,255/oz, which is up 7.3% (A$85/oz) on the previous quarter average AISC of A$1,170/oz."

"AISCs are the costs attributed to production at operating mines, and they are an important focus in gauging a project’s commercial viability. It is important to note, that they don’t include the costs such as building a plant and establishing the infrastructure required to bring a mine into production, commonly referred to as upfront capital expenditure (CAPEX).
AISC is a similar measure to what you might find in anything from manufacturing to retail, only in other sectors acronyms such as CODB (cost of doing business) and COGS (cost of goods sold) are applied.Because the mining industry is subject to unpredictable and uncontrollable commodity price movements, AISC’s costs are what some mines live and die by."

"The interesting aspect of the AISC metric is the number of factors that feed into the final figure, and similar to any other sector costs, they can vary from month to month and year to year.In the case of gold stocks, better grades usually translate into lower cost mines.
Open cut mines are normally cheaper to operate than underground mines."

https://finfeed.com/investor-101/australias-gold-mines-by-production-grades-and-costs-part-1/