AISC of $1730 is very high for an open pit mine. However it has been the industry wide practice of late to inflate AISC as POG rises. Two years ago mining companies were boasting of very low sub 1000 dollar AISC. The same companies have reported an increase of 50-60% in AISC in 2020. Really, have wages of mining workers risen by that much? Suspect some creative accounting going on to avoid a bigger tax bill (at the expense of shareholders).
AISC of $1730 is very high for an open pit mine. However it has...
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