Numbers dont lie The average operating cost is estimated at $81.27/tonne.
Barry Open Pit Operating Cost Summary
Operating Cost Description | Unit | Cost |
Mining | $/t milled | $33.87 |
Processing | $/t milled | $19.07 |
G&A | $/t milled | $12.33 |
Trucking to Mill | $/t milled | $16.00 |
Total | $/t milled | $81.27 |
Cash Cost | C$/oz | $1,252 |
AISC | C$/oz | $1,420 |
Cash Cost | US$/oz | $939 |
AISC | US$/oz | $1,065 |
Capital and Operating Costs
The initial capital cost for the Barry open pit project is estimated to be $22.1 million, which includes a contingency of $1.7 million. Infrastructure costs represent $11.1 million of the initial capital cost and includes: $4.5 million for haulage road enhancement; $2.6 million for surface garages, $1.9 million for an emulsion plant and $2.1 million for other surface utilities. Mill and TMA upgrades are $3.5 million and $2.4 million, respectively. The $3.4 million remaining is composed of surface equipment and tools, owners, and indirect costs.
The sustaining capital cost is estimated at $27.8 million and includes site closure cost that total
$6.5 million. TMA construction costs of $18.1 million will provide additional storage capacity of 2.9 Mt and will establish the foundation for future expansion at lower cost. Indirect cost represents $2.7 million of the other $3.2 million of sustaining capital.
The total capital cost for the project is estimated at $49.9 million as summarized in the table below.
Barry Open Pit Capital Cost Summary
Capital Cost Description | Initial $M | Sustaining $M | Total $M |
Tailings Management Area | 2.4 | 18.1 | 20.5 |
Surface Equipment & Tools | 0.7 | 0.1 | 0.9 |
Infrastructures | 11.1 | 0.3 | 11.5 |
Indirects Costs | 1.7 | 2.7 | 4.4 |
Mill Upgrades | 3.5 | 0.0 | 3.5 |
Owners | 0.9 | 0.0 | 0.9 |
Contingency | 1.7 | 0.0 | 1.7 |
Sub-total | 22.1 | 21.3 | 43.4 |
Site Closure Costs | 0.0 | 6.5 | 6.5 |
Total | 22.1 | 27.8 | 49.9 |