New Found Gold Corp V.NFG

AGNICO

[chucker6]

lots of comparisons to fosterville and AEM just announced production of 81Koz @ $309 all in costs

dont think ive seen any costs that low

[suregold1]

where are you getting that $30 figure. I just read Financials and could not see that anywehre. Must be getting blind in addition to senile!

[likeike]

Do you mean $309 or are you just trying to be confusing? IKE

[chucker6]

they just put a press release

[suregold1]

For your benefit and all other readers (big difference between cash costs and ASIC): How is AISC mining calculated?     Formula of the All-in sustaining costs or AISC: All-In Sustaining Costs = Cash Costs (including by-product credits) + Sustaining Capital + Exploration expenses + G & A expenses. That $309 is "CASH COSTS ONLY". See formula above as miners got in

[BlueChipper2020]

The World Gold Council a number of years ago came out with unauthorizative guidance on AISC. See the following link:  https://www.gold.org/about-gold/gold-supply/responsible-gold/all-in-costs All companies do not calculate this 100% exactly the same, however suregold's explanation is a great summary.  Cash costs in themselves is very misleading and not useful.  GLTA BC 

[suregold]

You are correct, not all the same.

[likeike]

Suregold bringing up unreliable accounting terms really distracts from the main point. Fosterville could very well be the most profitable mine in the world and focusing on how much it costs to dig it out is moot. It is REDUNKLOUS cheap. There are so few mines out there that keep their costs below $1000 per ounce and  next to none that keep it below $500. Why would you even bring this up?