i have also wondered why KCN's AISC is so high….I guess mining and processing fixed costs are the same putting through high grade ore or low grade ore…and KCN's reported grade is very low…and is made worse by the low recovery rate of around 80% for gold and 50% for silver.
and maybe KCN has expensive waste stripping ratio?
and the royalty charge is super high, probably the highest in the world. (But that is offset by KCN being exempt from corporate tax for a few years…CMM had to pay a decent wad of tax this year)
hopefully, once KCN accesses the quartz lease ore and finds other good gold pockets, the gold grade shoots up…which would drop the AISC proportionately.
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