GREY:VITFF - Post by User
Post by
Whateverrron Aug 22, 2021 4:46pm
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Post# 33746502
AISC $1485 Perspective
AISC $1485 PerspectiveTo put that $1485 AISC debacle into perspective clearly .....an AISC based article ironically was just posted and is well versed. So don't take my word for it, read an expert. Warning, it is not VG cheerleader friendly and if the author of this article read the silly comparison of VG's bad AISC to Anglo who mines in price intensive and expensive Africa is laughable and to say it is okay for costs like this at Eagle. LMAO. VG will probably never fall in the Mid-Tier producer level but this is very relevant to VG failings in what it says
- "highlighting that $1125 AISC is considered LOFTY .....AND if you take out the 3 extreme cost outliers, the AISC would be $1047......that is a LOT lower then $1485 wouldn't you say ? The majors are also in this similar $1050 range. Ouch on Eagle. With the new Covid protocol what will they blame this again for poor performance in 2nd half 2021? Very possible as they have done it before. Industry considers $1125 high.
My highlight quote from piece is below but you can read the full fantastic article by clicking this
Click Here for AISC Article The GDXJ-top-25 mid-tiers also saw their average Q2'21 AISCs surge up 12.8% YoY to a lofty $1,125. That was the second-highest on record, not far behind Q1'21's worst-ever of $1,134. But again those same three extreme-cost gold miners are really torpedoing the mean. It plunges to $1,047 without them, which is right in line with the GDX majors and excellent relative to the ongoing high prevailing gold prices.