Marlin Gold Mining MALZF

Worlds Lowest Cost Produer?

[k22k22]

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?"

[billybob22]

if you listen to the CC they said there all in cost is 400 soon tobe below 300 in the first few months of this year. Sounds to good tobe true but I'm taking a shot.

[k22k22]

Haven't listened to the CC yet due to present location and bandwidth restrictions. Last year Barrick was labelled the lowest all in cost producer at $706 an ounce. Marlin has been flying under the radar but if their all in cost is now $400 then I think they are about to get noticed. How is it even possible to get the all in cost down to 400 let alone 300? That's insane compared to other