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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Tommaso who wrote (2222)3/30/2002 6:35:26 PM
From: nickel61  Read Replies (1) of 3558
 
To make investors think that the mine is profitable even at very low gold prices. The cash cost is the marginal cost of producing a incremental ounce of gold. The all in cost is total costs of the entire company divided by the only source of revenue/ounces of gold produced. It comes up to a much higher number and is of course very hard to argue with since whatever the company does to produce the gold is a cost, administration, promotion, advertising, the idiocy of funding the World Gold Council etc.
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