CDG has recently resumed production at its Premier mine in Brazil and has completed a cost reduction program, with CDG now targeting C1 cash costs of $400/oz
***September 2013 quarter:
Should CDG hit 1,500 oz Au at a sale price of AUD$1,400/oz:
*Cash inflows: 1,500 *1,400 = $2.1m
Estimated cash outflows (from June quarterly): $1.75m
This would result in positive cashflow of $350k
***December 2013 quarter:
Estimated cash inflows:
4,200 (ounces produced) *1,400 (price of gold in AUD) = $5.88m
Estimated cash outflows:
*Production costs: $400 (cash costs per oz) x 4,200 = $1.68m
*Development costs = $0.15m (assume remains same as June quarter)
*Exploration and evaluation = $0.2m (assume remains same as June quarter)
*Administration costs = $0.9m (assume remains same as June quarter)
=This would result in positive cashflow of $2.95m
Positive cashflow would be a major coup for the CDG team, and as you can see above, it looks as if it is just around the corner!
The CDG story has only been improving of late with CDG now aiming for cash costs as low as $400/oz after a major cost reduction program.
Cash costs of $400/oz would put CDG in the lowest quartile cash costs of gold producers on the planet!
http://www.nextminingboom.com/index.php/cdg-back-in-production-and-targeting-cash-costs-of-400oz-au/#!prettyPhoto
- Forums
- ASX - Short Term Trading
- short term trading - week starting 19th august
short term trading - week starting 19th august, page-83
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online