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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (2222)3/30/2002 6:35:26 PM
From: nickel61  Read Replies (1) | Respond to 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.



To: Tommaso who wrote (2222)3/30/2002 6:41:54 PM
From: nickel61  Read Replies (1) | Respond to of 3558
 
If you are the John Tomasso late of DLJ and now of Prudential Good call on Newmont by the way! And how would you calculate the true full cost of an ounce of gold production. Acquistion costs, depletion, administration, marketing, everything....divided by the number of ounces produced of gold minus the by product credits of course.


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