Whoops, thanks for picking up on that.
Using 10 g/t and 16 hour operating shifts, I get annual profit of approx $59 million
Tonnes per hour = 25 (assuming just mill 3 operating at full capacity)
Tonnes processed per year = 146,000 (16 hours per day)
Gold grams per tonne = 10 average grade
Gold ounces produced = 146,000 * 10/28.34 = 51,517
Gold price (AUD) = $1700
Revenue = $1700 * 51,517 = $87.6 million
Operating costs per tonne (AISC) = $550 (taken from youtube video on the "fundamentals" thread)
Total operating costs = $28.3 million
Annual Profit = $59.2 million
- Forums
- ASX - By Stock
- OGX
- How much gold are we talking
How much gold are we talking, page-9
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)