Well I am going to say it , I told you so , lol
Scotgold will be one of the highest grade low cost producers around
£ 327 production costs or A$ 693
All in cost including capital of £455 or A$ 965
When you consider the list below and the 8 year LOM of Cononish with the Capital only spread over 8 years Cononish will be No 1 with what will certainly be more than 8 years Lom .
Open at depth and on the west strike and , lol all around . Watch and see , lol
The ASX has a new low-cost gold mining king!
Beadell Resources Ltd (ASX:BDR) has stolen the low-cost crown from Australia’s largest listed gold producer Newcrest Mining Limited (ASX:NCM) for the most recent December quarter. Beadell reported All-In Sustaining Costs (AISCs) per ounce of just $816 (US$638), 15% lower than the next low-cost producer Newcrest Mining and a massive 38% lower than Beadell’s own previous September quarter.
All-In Sustaining Costs (AISC) are a valuable, non-accounting, measure which factor in not only the cash cost of production, but royalties and company overheads which can vary significantly between miners.
The secret to Beadell’s success was a massive 75% increase in production and the depreciation of the Brazilian real against the U.S. dollar in the last six months of 2014.
Rounding out the top three low-cost ASX gold producers was EVOLUTION FPO (ASX:EVN) with AISCs of just $990 per ounce, a solid 9% reduction on the September quarter.
Company ASIC Dec Qtr 2014 % Change on Sep Qtr Average gold price received
Beadell Resources Limited (ASX:BDR)¹ $816 -38% $1,404
Newcrest Mining Limited (ASX: NCM) $963 11% $1,402
Evolution Mining Limited (ASX:EVN) $990 -9% $1,428
Kingsgate Consolidated Limited (ASX:KCN)¹ $1,021 -18% $1,347
St Barbara Ltd (ASX:SBM) $1,042 -22% $1,423
Northern Star Resources Limited (ASX:NST) $1,073 3% $1,417
Doray Minerals Limited (ASXRM) $1,110 -20% $1,450
Resolute Mining Limited (ASX:RSG) $1,150 -18% $1,410
Silver Lake Resources Limited (ASX: SLR) $1,400 1% $1,460
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