TSX:LSG.DB - Post by User
Post by
BradsMyNameon Jul 04, 2013 9:48pm
165 Views
Post# 21590042
All In Sustaining Cash Cost ( AISC )
All In Sustaining Cash Cost ( AISC )
July 04, 2013 09:45 pm
Gold definitely has to find a bottom first. Hopefully we are there already. Rick Rule who is part owner of Sprott has made the comment that gold could very well go to $1,000 before the bottom is found.
When Lake Shore Gold announced that its cost per ounce is down to $800 / $850 per ounce that is not the bottom line. What we really want to know is the All In Sustaing Cash Cost (AISC ) per ounce. You want to at least add $400 to that cost which brings you to approx $1,200 / $1,250 per ounce. Mines like Gold Corp and American Barrick, their All In Sustaining Cash Cost is approx $1,100 per ounce.
Something i thought you should all know. I'm still very pleased with the 2nd Quarter update by Lake Shore Gold. I'm buying more tomorrow