RE: $i do have to agree that the G&A is relatively high, and i am going to let the company comment on that. Cash cost p. oz is according to Barrick at 381 USD for 2009.(total production costs around 630) you find the details:
https://www.barrick.com/Theme/Barrick/files/docs_annualquarterly/Q1%202009%20-%20Mine%20Stats.pdf
The year 2009 was a transition year for the Tulawaka gold mine as operations moved from open pit to underground mining.
the exploration in Tanzania looks very promising to me though!:
- underground exploration allowed the 2009 extracted reserves to be replaced.
- Tulawaka’s life of mine as of December 31, 2009 was estimated at approximately two years based on its proven and probable reserves. However, based on current successful underground drilling results, a plan to extend underground exploration drilling is being developed to define the potential for life of mine extensions.
- Drilling programs of 2009 were mainly focused on Isambara, a 40 km² property owned 100% by MDN and located 28 km north of the Tulawaka mine. MDN discovered a gold mineralization zone in the southern part of a soil anomaly of great dimension, which extends 3 km by 4 km. A follow-up drilling program will be initiated in 2010. Overall, MDN plans to drill 12,000 meters
- At Ikungu, a 17.9 km² property MMI data and drilling results confirm that gold mineralization extends over at least 2.5 km. This gold structure bears an excellent potential for a discovery by MDN and about 2,500 m of drilling is in progress on the property during 2010.