It does include shipping, port charges and corporate expenses but does not include royalties.
Trust me i'm looking at that half yearly right now:
"Company also commenced exports from the Mt Dove
mine, started development at the Abydos mine and shipped a record total of 3.34Mt (WMT)."
"the half-year average price per tonne of USD$98 CFR DMT (including Value Fines)"
"Cash surplus from operations2 of A$70M, being ~$20/t"
This gives them an operating cost of $78/t. You can't argue with the numbers mate, they are not legally allowed to lie to us and hide costs in their AUDITED finacial statements, which are not even produced by Atlas themselves. I can tell you right now that the numbers all add up, every single cost is accounted for and that for the most part, AGO have an effective production cost of around $74-$78. No hidden costs, the operating cost is the operating cost and that is that.
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