OTCPK:PGMFF - Post by User
Comment by
MineCanaryon Aug 18, 2021 3:27pm
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Post# 33724796
RE:Sanity please
RE:Sanity please I respectfully disagree, AISC was instituted in 2013 by the World Gold Council in an effort to require more accurate cost per ounce of production. Therefore as PGM accurately reported AISC per ounce for the next 4Q it contains:
Cash Costs + Sustaining Capital + Exploration Expences + G&A Expenses.
They accurately and fairly reported the AISC for the coming 4Q to be $1,600 to $1,750 per Ounce, now this is also reported to come down but it is accurate. They are not currently cash flow positive. I do firmly believe they will get there but no time soon.