"In a recent announcement Citigold confirmed that higher gold grades result in more gold per tonne of rock extracted at the same cost as lower grade rock. High grades increase the revenue per tonne and thereby reduce the cost per ounce as costs are essentially fixed on a per tonne basis regardless of the gold content. The high grade nature of the Charters Towers goldfield has ensured Citigold’s per ounce gold cash cost was low when compared to peers."
Guess they must have previously worked for NASA the above revelation will mean they will make more money out of high grade ore than low grade ore amazing to know.
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