Royalties are included within AISC (All-In Sustaining Costs) Royalties are included within AISC (All-In Sustaining Costs) as per https://www.denvergold.org/wp-content/uploads/DGG-Presentation_GrantMalensek.pdf:
«AISC Adjusted Operating Costs; plus
-Corporate General and Administrative expense -Exploration and study costs (sustaining)
-Capital exploration (sustaining) -Capitalized op stripping and UG development (sustaining)
-Capital expenditures (sustaining) = All-In Sustaining Costs
Adjusted Operating Costs:
-On-site mining costs
-On-site G&A costs -Royalties/Production taxes
-Hedging impacts on operating costs
-Community relations costs
-Permitting costs -3rd party smelting, refining and transport costs
-Non-cash remuneration (site based)
-Stockpiles/product inventory write-downs
-Operational stripping costs
-By-Product credits. »
AISC has greatly improved on a Q1 yearly basis as costs diminished by 26%. Future outlook is positive as AISC savings of $100 USD per ounce with HGO mill.
From @Lexcon May 2nd 2019 as per https://ceo.ca/rnx?99180497dc01 : «200k annual with $950 AISC and 1300/oz POG works out to close to 0.12 to 0.14 per share annual ebita. »
From @Geodan April 18th 2019 as per https://ceo.ca/@geodan?83985740e4a1: «Did get some info on questions from company. About what guessed. They think 3 grams or more a ton at widths they are seeing would be quite positive cash flowing to bulk mine, especially with mill if they get it. That matches what see in past. And the drilling they have released is better than what they got in 2017 width and grade wise. What they have been seeing width and grade wise is better than what they expected at both shear zones they have have been drilling. They have not explored much below the sediment layer. I am encouraging them to drill downward in the shears, not from the side, just to gauge how shears grade with depth below sediment layer and maybe hit another sediment layer. The next drill report will give us more data below, but really want to know what is 200, 300 meters down in the shears. Could be a big deal. Now 8% up on RNKLF Some more clarification on that, asked at 8 meters width, so at 8 meters they think 3 grams will cashflow well with the mill. That is more like old widths. They have some 20 to 40 meters widths in new drilling at over 3 grams. That should then be very very profitable IMHO. »