GCY AISC now $2536 oz, and only 89.6% recovery. The ore they are processing is under 1g/ton. The ore they are planning to access in coming years is not a lot better, some with 100 k haulage costs on top. So a newish low cost 2.5mt plant is not producing any profit. It is not a sustainable business model in the current cost/price environment, in my view. The only thing that would save them really is much higher gold price, which Goldman Sachs is expecting. We shall see.
WGX Price at posting:
$1.80 Sentiment: Hold Disclosure: Held
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