To highlight how pathetically incompetent St Barbara management are; AISC $2,666/oz
Today Kingstone Resources KSN reported record gold production at Mineral Hill of 1,457 ounces. (They must be using pans down at the local creek)
• Reconciled processing recovery was also a record high of 64.8%, a significant improvement from 41.8% one year ago. • All-in-sustaining costs (AISC) were A$1611/oz for January and the gold price received for the month was A$2,725/oz January
Yes this very small operation puts SBM to shame and good on them. 1,457 ounces with an AISC of $1,611/oz more than $1000/oz less than SBM can produce it for with all their experience and so called expertise. It is just pathetic.
SBM Price at posting:
64.0¢ Sentiment: Hold Disclosure: Held
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