RE:RE:Where else can you get a 20%+ return Here is my estimate, which sets the gold price at US$2,300, but includes 100k oz at US$1,860. The estimate also includes the delivery of 10,000 pre-paid ounces, which is a one-time event. The consolidated guidance indicates a total of 207,803.78 oz of GEO’s for sale, generating a total revenue of US$466,365,336.16 and total earnings of US$113,130,322.96, or US$0.1048 per share. The all-in sustaining cost across all mines is US$1,628.48 per oz sold. The NSR royalty amounts to US$11,588,001.12. The production cost across all mines is US$353,235,013.20.
Hard to complain about these figures, as the revenue and earnings are quite substantial and operations aren’t even optimized nor expanded to their full potential. Unit costs per tonne at Magino are expected to decrease, as the company begins replacing contractors with company employees.