Costs competition MMY similar?The question is when will the ALL costs be published and when will investors know how many ounces will be produced this year.
If you take Majestic Gold as an example, the costs look good just at 1900 dollars gold price.
Gold produced (ozs) 9,853
Gold realized net of smelting fees (ozs) 9,089
Gold sold (ozs) 9,024
Average realized gold price ($/oz sold) 1,747
Total cash costs ($/oz sold) (1) 580
Total production costs ($/oz sold) (1) 763
All-in sustaining costs ($/oz sold) (1) 726
It looks good but I prefer to assume 1300 dollars ALL IN and let myself be positively surprised. I am also aware that the costs will fall because the ore is already stockpiled as far as I know.
What is your calculation?
Many reckon with 20 to 30,000 ounces per year if everything works out and the plant runs well.