MOY 0.00% 5.1¢ millennium minerals limited

News: Millennium ramping up profitable gold produ, page-3

  1. 163 Posts.
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    re: News: Millennium ramping up profitable go... I didn't hear the man answer the presenters question about: what are MOY's average cash costs?

    I'd be interested to know what the "All In Cash Costs per an ounce of gold" are?

    From the half year report:
    'C1 cash costs' $794/oz
    x gold poured 33,530 oz
    = C1 costs $26.623mil

    I assume C1 is made up of just:
    mining expenses $11.380mil
    + process expense $15.128mil
    = $26.508mil approximately = C1 costs $26.623mil

    however:
    Cost of Sales (including C1) is $37.777mil
    / gold poured 33,530 oz
    cost per oz $1126

    other costs
    "Transaction cost" $1.683mil
    Admin costs $2.755mil
    +exploration costs

    If my clac is wrong but I use the same method of calculating this All In Cash Costs per Oz accross all the gold produces I look at still enables me to compare like with like.

    Rather than me calculating out the answer to MOY's All In Cash Costs per an ounce of gold, I think it would better serve MOY's shareholders if the company provided this info more clearly.

    Also is the half year report in $AUD or $USD, it doesn’t say either way clearly enough for me.
 
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