About costs....Lundin Gold:
cash operating cost of $735 per oz sold and all-in sustaining cost of $868 per oz sold .Production 111 572 oz
Wesdome
Cash cost of $ 1125 per oz and all in sustainng cost of $ 1650
production 33 322
Selling price $ 2093
Cash flow for the Q
-Lundin 111 572 X 1225 = $ 136 M
- Wesdome $ 33 322 X 443 = $ 14,4 M
This morning share price
-Wesdome $ 1,00 up
Lundin $ 0,50 down ( earlier )
Could operating in Ecuador made such a difference?
Grade to improved in H2 and procuction to improve to 125 000 oz per year at Lundin and debt free very soon and a minimun 12 years life span