Cost of Extracting Mon Ami Gold

Does any one know what's the cost of extracting ( 1.1Mt at 1.7g/t for 59,000 ounces of gold ) ?




Refer to : https://www.*****.com/commentaries/2018-12-24/How-to-profit-from-low-grade-gold-mines-Part-1.html
& : https://finfeed.com/investor-101/australias-gold-mines-by-production-grades-and-costs-part-1/

all-in sustaining costs (AISC). AISC includes not only the direct costs to mine gold (machinery, processing, power, labor, etc.), but G&A expenses, exploration, reclamation and sustaining capital. It does not include project capital, dividends, taxes and interest payments

Highlights :-

1- The lowest cost “gold only” operations were Kirkland Lakes' Fosterville mine with an AISC of A$442/oz, then Westgold Resources' (ASX:WGX) Fortnum mine (A$937/oz) and Newmont's (NYSE:NEM) Tanami mine (A$953/oz).

2- The average All-in Sustaining Cost (AISC) for Australia and New Zealand was A$1,255/oz, which is up 7.3% (A$85/oz) on the previous quarter average AISC of A$1,170/oz.

3- Even so, AISC considerably tightened gold companies’ margins. Of the seven large gold firms, the average AISC in 2012 was $1,046 an ounce, but the gold price was sitting at a very healthy $1,675 at the start of 2013 - yielding an average margin of 60%. However, 2013 was also the year the gold price slid to $1,233 - a drop of over $400. At this point gold miners entered a period of pain; many sold assets, cut staff and took billion-dollar write-offs on properties as their stock prices plummeted.

4- Owned by SSR Mining (TSX:SSRM), Marigold stands out for its ultra low grades of .46 g/t. In production since 1989, Marigold is a large run-of-mine operation. After blasting the ore, it doesn’t need to be crushed or ground and can go directly onto the leach pad which significantly reduces costs. In the third quarter Marigold reported an AISC of $965/oz, after realizing a gold price of $1,207/oz.

5-Along with a low strip ratio, the other factors helping Atlantic Gold control costs are: the mine’s close proximity to labor, suppliers and the airport; a 1.5 g/t grade; and ease of gold recovery. In fact, Atlantic Gold is currently the lowest cost gold producer. The highest-cost mid-tiers have AISCs of between $1,200 and $1,300/oz.