Can someone help me out here... Mt Carlton predominantly sells gold in a concentrate form which needs to be further processed in order to make gold bars/bullion (the costs of which are incurred by the purchaser).
Those AISC numbers quoted for Mt Carlton appear to be on gold ounces contained in concentrate (not payable ounces) and excludes the downstream costs to make gold bars. This makes their AISC look fantastic when compared to peers who actually make gold bars. Have I got this correct?
Ann: Operations Update, page-18
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