Whoops, thanks for picking up on that. Using 10 g/t and 16 hour...

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