RE:RE:RE:RE:New hereSegovia looks to have an AISC of around $1500 going forward. Their presentation shows Marmato AISC of $1000, when doing 160k ounces per year. Aris looks to be in great shape.
Should Gold fall to $1500, most of the sector will go bankrupt as the major's AISC is around $1500 right now. Some still have AISC approaching $2000. There is a two edge sword in that as Gold price rises, royalties increase so AISC will increase as Gold does also.
I listened to the Q3 conference call. An analyst asked how the Aris intends on feeding another 1000 tons per day into the Segovia processing plant. Apparently they have 40 contractors to vett that want to supply feed stock. It makes sense there is a huge pent up demand to feed the Aris plant. Miners can blast and accumulate Gold rich rock all they want, but they don't have ball mills to crush their ore and can't efficiently recover the Gold that Aris can. The government likes this arrangement as it limits the sale of black market Gold, and reduces the environmental nasty's artisinals tend to use to leach the metal out of rock.