OTCPK:MALZF - Post by User
Post by
k22k22on Jan 18, 2017 2:00am
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Post# 25721056
Worlds Lowest Cost Produer?
Worlds Lowest Cost Produer?Cash cost is the basic metric, it's the cost at the mine site, does not include corporate costs, debt, etc..... To find the true cost you have to scrutinize the financial statement, 1st quarter statement for 2017 will tell the truth on that. But let's look at the lowest cost producer in the world for 2016, Polyus Gold coming in at $400 an ounce, Total Cash Cost, that just means mine site cost and corporate costs. I can't see marlin adding another $150 an ounce just for head office costs so my question now is, "Is Marling Gold now the world's lowest cost gold producer?"