The latter cash-cost number includes all the costs of mining gold except corporate-level administrative expenses. It is the acid test for survival, and $650 gold is apocalyptic.
· Previously, the silver and gold mining industry cited cash costs, which were expenses excluding big capital expenditures, exploration expenses, administrative and …
The incremental costs are purchase price ($3,000) and cash operating cost ($500). ... The sunk cost fallacy. You have good tickets to a basketball game an hour's drive away. ... Cobra Mining ...
Gold miners chose to pursue lower-grade projects, which drove much of their rising mining costs. Over the past four years, average cash costs of the elite HUI gold miners have grown 13.8% annually on average. So apply a similar increase to 2012's average cash cost of $719, and you get a 2013 projected cash cost of $818 per ounce on trend.
· Primary Silver Miners Cannot Survive at Cash Cost Prices. As I mentioned in the beginning of the article, investors actually believe the primary silver miners can produce silver at or below Cash Costs. I have received replies to my previous article and listened to analyst commentary stating that the primary miners could survive at cash cost prices.
Why Silver Price Could Crash by 20%! - 5th Oct 21 : 9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21 : 10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - …
· Since the 1990s, cash costs have been the dominant measure of gold-mining cost structure. That is what it actually costs to mine each ounce of gold. Cash costs include direct production costs, onsite administration, regulatory, royalty, and tax expenses, along with smelting, refining, and transport costs.
Silver has spent most of the past 2½ years in a small range just under $21. To most traders, $21 silver is the high side of the fair price. If you ask one of these people just what is the fair price for silver, he would say, "Well, I don't know exactly, but it is certainly not $26. $20 or $21 is more fair.
· Gold miners' stocks have been brutalized this year, leaving them bleeding in the gutter as the most hated sector in all the markets. Plunging prices always lead to fear and excessive bearishness, unsustainable anomalous …
· At roughly 800:1 mining and Earth's crust ratios, silver should sell for about $112/oz. And similarly, about the same amount of cadmium is mined each year as silver -- so according to the "mining ratio" fallacy, silver should trade at about the same price as cadmium (about $.05 per troy ounce). Does that mean that cadmium is an incredible ...
· Silver cash costs are expected to be in the range of seventy $0.75 to $2.50 per ounce while the silver all-in sustaining cost guidance is $6.50 to $8.50 per ounce. Moving to Slide 12.
· Primary silver mine cash costs rose to $8.88 an ounce, reflecting higher prices for labor, electricity, and maintenance charges. So, it seems as if the primary miners produced silver at $8.88 cash cost an ounce in 2012. This was up over 2011. Here are the cash cost figures for the past 3 years (World Silver Survey's, Silver Institute & Kitco):
SILVER MINING COSTS EXPOSED: Cash Cost Fallacy : SRSrocco ... Jul 6, 2013 ... It wasn't until the last year or so, did these aspects of the mining …
SILVER MINING COSTS EXPOSED: Cash Cost Fallacy. Gold extraction refers to the processes required to extract gold from its ores. This may require a combination of comminution, mineral processing, hydrometallurgical, and pyrometallurgical processes to be performed on the ore.
· Depreciation, a large cost component for any airline, is not a cash outflow; on the other hand all of the power-by-the-hour costs are cash outflows. Three– The power-by-the-hour contract contains a minimum flight hour clause. This is the same old fixed cost in another disguise – only now the situation has gone from bad to worse. A ...
· SILVER COSTS: Much Higher Than Most Realize ... There still seems to be huge misunderstanding by many investors as to what it really cost to mine silver. ... Part of the reason for this FALLACY, especially from bearish silver analysts,… This content is for Gold Membership Plan, Gold Membership Plan – Annual Payment, Silver Membership Plan ...
· Silver Price to Rise as Top Miner's Production Evaporates by SRSrocco June 15, 2013 SILVER MINING COSTS EXPOSED: Cash Cost Fallacy by SRSrocco July 6, 2013 Note: First Majestic ounces of silver per tonne is probably much lower than today's average because shareholders were requiring growth instead of value, i.e. produce more silver at any cost.
· The estimate of cash cost per ounce of silver has been reduced by a third to less than $3.00 per ounce of silver from the previously announced estimate of …
· The profit margin trend at the world's largest primary silver mining company has experienced a rapid decline over the past several years. Fresnillo PLC in Mexico, is the largest primary silver mining company in the world. For all their hard work, Fresnillo's profit margin versus its cost of sales fell to an all-time low of 7% in 2015. This can most certainly be blamed on …
· Since the 1990s, cash costs have been the dominant measure of gold-mining cost structure. That is what it actually costs to mine each ounce of gold. Cash costs include direct production costs, onsite administration, regulatory, royalty, and tax expenses, along with smelting, refining, and transport costs.
5 The ecological fallacy refers to situations where an erroneous assumption is made that rela-. tionships between variables at the aggregate lev el imply the same relationships at the individual ...
Smithson Mining operates a silver mine in Nevada. Acquisition, exploration, and development costs totaled $5.6 million. After the silver is extracted in approximately five years, Smithson is obligated to restore the land to its original condition, including constructing a wildlife preserve.
· MAG is a bit speculative since its bull story is predicated on the Juanicipio mine will meet the firm's expectations and become productive. But with an estimated 19-year mine life, and all-in sustaining costs of around $5 per ounce of silver (versus current prices of $15 per ounce), the potential for future growth is immense.
· The Secrets to Earning Money from Silver: 5 Useful Tips. Commodity trading can be immensely profitable, especially when it comes to precious metals like gold and silver. These two precious metals have been linked to currency …
· The gold video mentions 4 oz from 400 tons, or .01 oz/ton, at 1:40. If both these are correct, then the pair of videos implies that gold is 133 times more rare than silver, making the 63:1 price difference either an indication that gold is underpriced, or silver is overpriced or both. This also assumes that the costs of mining and processing a ...
· SILVER MINING COSTS EXPOSED: Cash Cost Fallacy. There still seems to be a great deal of confusion about the true cost to mine silver. After I wrote my article "Can the Primary Miners Survive $18 Silver", I received a lot of replies that were all over the place. By that I mean, there seems to be no consensus of what is an….
· IPOAF, AUCOY, and FNLPF lead the 10 biggest silver mining companies list. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news ...
· Contango - A situation in which the price of a metal for forward or future delivery stands at a premium over the cash or spot price of the metal. Continuous miner - A piece of mining equipment which produces a continuous flow of ore from the working face. Controlled blasting - Blasting patterns and sequences designed to achieve a particular ...
· Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $150,000. The cost for start-up inventory (gold and silver ore mining equipment, trucks and other related gold and silver mining devices) – $250,000. The cost of launching a website – $600. Miscellaneous – $5,000.
· Dynacor Gold Mines cash cost to produce an ounce of gold rival the all-in sustaining costs of other miners. Dynacor Gold Mines, Management Discussion and Analysis, June 30, 2015 (2) Average cash cost of sales is calculated by dividing the cost of sales excluding depreciation by the sales volume in ounces and is a non-GAAP financial performance ...