re: News: Millennium ramping up profitable go...
I didn't hear the man answer the presenters question about: what are MOY's average cash costs?
I'd be interested to know what the "All In Cash Costs per an ounce of gold" are?
From the half year report: 'C1 cash costs' $794/oz x gold poured 33,530 oz = C1 costs $26.623mil
I assume C1 is made up of just: mining expenses $11.380mil + process expense $15.128mil = $26.508mil approximately = C1 costs $26.623mil
however: Cost of Sales (including C1) is $37.777mil / gold poured 33,530 oz cost per oz $1126
other costs "Transaction cost" $1.683mil Admin costs $2.755mil +exploration costs
If my clac is wrong but I use the same method of calculating this All In Cash Costs per Oz accross all the gold produces I look at still enables me to compare like with like.
Rather than me calculating out the answer to MOY's All In Cash Costs per an ounce of gold, I think it would better serve MOY's shareholders if the company provided this info more clearly.
Also is the half year report in $AUD or $USD, it doesn’t say either way clearly enough for me.
MOY Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held