RE:RE:RE:RE:AGNICOsuregold1 wrote: 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!
The World Gold Council a number of years ago came out with unauthorizative guidance on AISC.
See the following link:
https://www.gold.org/about-gold/gold-supply/responsible-gold/all-in-costs
All companies do not calculate this 100% exactly the same, however suregold's explanation is a great summary. Cash costs in themselves is very misleading and not useful.
GLTA
BC