USD 8M is included in ASIC of 1.56-1.65 (All-in Sustaining Costs = Cash Operating Cost plus royalties and sustaining capital expenditure). $3.5M and $1.7M though is not part of the ASIC and is additional to ASIC.
Sustaining capital Sustaining capital of US$8 million will be required for two additional heap leach pads and ancillary equipment. The new pads will be constructed at a reduced cost to previous pads, due to more effective pad construction techniques employed. In addition, revised heap leach stacking practices more applicable to Kipoi and based on low cost, high volume stacking will be implemented.
TGS Price at posting:
5.5¢ Sentiment: None Disclosure: Held