RE:RE:RE:THE AUTHOR OF THIS ARTICLE SHOULD BE SUED FOR DEFAMATION!!!Grade is what is responsible for costs and not the headline number. 1600 or 1700 hundred is their assumption for price of gold.
Grade has been reduced from 3g/t to 2.9 g/t over 1 metre mining width. This reduction will have material impact on average mining cotst (total cash cost). It is important to remember AISC includes a lot of other costs like admin etc.
Total cash cost were around 800 in 2020 and 1100 AISC. (I took the measurement from bar chart in presentation so it is not exactly accurate).
Reduction in grade as a percentage 3x100/2.9=103.44% of total cash cost from 2020. If we take total cash cost for 202o to be 800 then grade reduction from 3 to 2.9g would increase the prize of gold production by 27 USD/oz. This is an expected increase to total cash cost and AISC.
new AISC would be 1127 USD/oz; total cash cost 827 USD/oz.
This is slightly negative but almost immaterial and can be offset by currency movement, price of il etc.
In addition you have to rememeber that new drill campaign is not finished and results are not incorporated into resource yet.