Post by
JUANTOTHESTARS2 on May 15, 2023 8:04pm
Question for management part 2
Hi
Orovalle’s unitary costs are calculated considering the costs of the Spanish operation only.
Consolidated costs are adding additional costs incurred in Bolivia, Argentina and Corporate.
Pages 31 and 32 of the Q2 MD&A include detailed information of the calculation.
Best regards,
Nuria
Comment by
Nergy on May 16, 2023 10:17am
A lot of bogus figures here. The AISC is lifted by 3MUSD in development costs and they produced 2koz more than they sold during the quarter. The real operating cost for Orovalle was around 1260/oz.
Comment by
JUANTOTHESTARS2 on May 16, 2023 11:13am
thats why i questioned management. If Orovalle(spain) is the only mine operating how can the AISC be so high. Doesnt seem they are spending any money on Bolivia as construction hasnt started and Argentina no drilling yet. so how can it balloon the AISC to 1800 consolidated.
Comment by
Jumpenin on May 18, 2023 7:01pm
Bolivia is on care and Maintenace , But to maintain their mining rights in Bolivia that have to have a Minimum complete of staff at site and on the payroll, I seem to rememeber it was around 35 employees.which if why thhe AISC is higher, Jumpenin