MLX 5.85% 49.8¢ metals x limited

Discussion on SP, page-644

  1. 3,094 Posts.
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    Just be careful trying to compare the two as AFM and MLX report AISC differently. The key difference being smelter charges. When the mine sends a concentrate to the smelter to be refined into tin ingots for sale - the smelter charges a fee (ballpark 10% of sales price so $2,200/t here). For MLX they treat this as a revenue deduction (you see it in revenue) whereas for AFM they treat it as a cost. So MLX’s AISC excludes any smelter charges.
 
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