Not the sort of qtr report that would encourage me to get back in still.
AISC?
Cash cost is reported as $382/oz for 21,018oz produced.
not included in cash cost;
exploration 2.7mill
sustaining capital 3.4mill
continued mine development 9.5mill
corp overheads 2.4mill
total sustaining capex18mill
total sustaining capex/oz $856/oz
cash cost $382/oz
AISC $1238/oz
They might want to amortise some of the above but I would rather assume the above is close to their ongoing cost of production. Unless they can somehow significantly reduce mine development costs, increase ounces through increased grade or the POG moves much higher, they don't look like they will produce any free cash flow.
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- Ann: Quarterly Activities Report September 2014
Ann: Quarterly Activities Report September 2014, page-2
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