Redback just released their results.
Interesting that at Tasiast, total costs (including cash costs, capex amortised and royalties) were USD658 for the 12 months but 775 for the last quarter.
Likewise at Chirano - 626 for the year, 712 for the quarter.
Just shows you that people calling for a gold price slump are way off the mark if these costs represents costs at the lower end of the gold mining scale.
Why would anyone build a new mine if gold were priced at say only USD900, if margins after costs were so low....
redbacks mkt cap went over 5 bill last nite , page-11
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