RE:Kibali AISCKibali and most seniors do stick with the WGC standards that were set in 2013 and refined in 2017.
Most juniors do not and some do not even include sustaining capital which includes mine development costs ( Capex ) during the life of the mine.
Cardinal does include sustaining capital but does not include Dep or Amort
So, in that sense, Kibali $616 US per ounce AISC would be comparable to Cardinals $895 per ounce.
Cardinal had a Tier 1 asset when it was sold , as t had 5.1 m ounces.
Grades were low... 1.13 gms per ton....which is why AISC was high and recoveries were just 85 % oweing again to low grades....recovery rates are inverse to grade.
CDH NPV5 was $ 590 M, US on LOM undiscounted free cash flows of $1.47 billion.
Mine life was 15 years.
Replicating the CDH FS study using Adumbi parameters would result in about double the undiscounted cash flows at POG of $1350 ( 287,000 ounces per year for 15 years )
Loncor Adumbi will have including U/G between 6 m and 7 m ounces once this current drill program ends.
Have a great weekend