The problem is after "All in Sustaining Cost" HGO will have an "All in cost", so while their AISC is $2.22, their AIC will be higher, say $2.62.
As an example of another Copper/Gold mine, in Q3 C6C reported AISC of $4.5 and AIC of $4.95
So to compare HGO's AISC of $2.22 with CYM C3 of $2.82 is just incorrect.
AIC vs c3 is more correct but still imperfect.
Ann: Nifty Copper Project Restart Financing Update, page-158
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