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531 Posts.
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22/02/18
19:17
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Whoops, thanks for picking up on that.
Using 10 g/t and 16 hour operating shifts, I get annual profit of approx $59 million
Tonnes per hour = 25 (assuming just mill 3 operating at full capacity)
Tonnes processed per year = 146,000 (16 hours per day)
Gold grams per tonne = 10 average grade
Gold ounces produced = 146,000 * 10/28.34 = 51,517
Gold price (AUD) = $1700
Revenue = $1700 * 51,517 = $87.6 million
Operating costs per tonne (AISC) = $550 (taken from youtube video on the "fundamentals" thread)
Total operating costs = $28.3 million
Annual Profit = $59.2 million
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