"Anglo American Platinum' share of cash on-mine costs increased by 6%, from R791 million in 2010 to R841 million in 2011. The cash on-mine cost (including concentrator) per tonne milled increased by 6% to R737, while the cash operating cost per equivalent refined platinum ounce increased by 10% to R14,881."
Anglo dont use cost per 4E ounce on their reports and to use their cost per ton on every operation is complicated. Different reefs means different recoverys and each mine has a different grade. And because my calculations costs came to roughly the same they seems pretty close to the mark.
NKP Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held
