Hi footy
Management commonly quote cash costs of $29/oz (with copper credits). However if you consider the current gold and copper prices cash costs are actually negative with the copper credits. (I.e. mine the gold for free and still have money left over from copper).
If Gold was to drop significantly then yes Andash would be one of the last to close, even if copper dropped a bit as well.
But keep in mind that If gold dropped and mines closed then supply would tighten. I.e the lower on the cost curve you are the better chance you have of others closing before you which then allows you to take advantage when the situation naturally overshoots and demand exceeds the now reduced supply.
So in summary yes your comment is correct.
On top of that if we acquire te atkash satellite mine then we will be able to process even higher grade material, further boosting profitability IMO.
Hi footyManagement commonly quote cash costs of $29/oz (with...
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