My analysis of proforma cash costs for Sep 14 qtr
I have not assumed any improvements to operating performance qoq. I suspect the costs will come in considerably below the projected costs (possibly the worst case analysis) given
1) FX has declined by c 10% during the qtr
2) with the dry conditions, it is likely that larger trucks have been used
3) fuel costs have declined over the qtr
4) general productivity improvements highlighted by PB
Column 1 Column 2 Column 3 Column 4 Column 5 0 September -Qtr Proforma June -Qtr March-qtr 1 Waste movement (t) 2,412,399 1,951,299 2,245,137 2 Gold ore mined 341,567 284,771 308,681 3 Strip ratio (waste/ore) 7.1 6.9 7.3 4 Ore milled represents 4.6Mtpa 1,150,000 958,778 1,018,840 5 Mined ore as % ore processed 30% 30% 30% 6 Head grade 1.10 1.04 1.10 7 Recovery 90% 88% 90% 8 Gold recovered 36,604 28,211 32,429 9 Gold sold as per announcement 41,468 30,483 38,757 10 Adj production 41,468 30,483 38,757 11 On-site production costs assuming $15.4/t material moved 42.3 30.9 22.3 12 On-site admin costs 2.2 2.2 13 Royalties 0.7 0.7 0.7 14 Credits -0.9 -0.9 -0.3 15 Total cash costs 42.2 32.9 24.8 16 Cash costs (US$/oz) 17 Per ozs basis 18 On-site production costs 1,018 1,013 576 19 On-site admin costs 72 57 20 Royalties 17 23 17 21 Credits -21 -28 -9 22 Total cash costs 1,014 1,080 641 23 (in US$M) 24 On-site corporate costs 0.8 0.8 0.7 25 Exploration costs Higher exploration during Qtr 5.0 0.7 1.8 26 Capitalised stripping 1.3 5.5 27 Capex 0.5 0.5 0.8 28 6.3 3.4 8.8 29 Per ozs basis 30 On-site corporate costs 19 26 18 31 Exploration costs 121 24 47 32 Capitalised stripping 43 142 33 Capex 12 17 21 34 152 110 228 35 Total AISC 1,166 1,190 869 36 $/material mined (on-site costs + capitalised stripping)/material moved 15.4 15.4 11.8 37 $/milled ore 36.8 34.5 24.1
My analysis of proforma cash costs for Sep 14 qtr I have not...
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