RE:RE:RE:AGNICO For your benefit and all other readers (big difference between cash costs and ASIC):
How is AISC mining calculated?
Formula of the All-in sustaining costs or AISC: All-In Sustaining Costs = Cash Costs (including by-product credits) + Sustaining Capital + Exploration expenses + G & A expenses.
That $309 is "CASH COSTS ONLY". See formula above as miners got in huge trouble some years ago only reporting cash or variable costs of production. ASIC is more important. Very low cash cost at Fosterville but not inclusive of some pretty important numbers. ASIC is about $1,000 per ounce I believe!