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

To: Tommaso who wrote (2252)	3/31/2002 3:56:57 PM
From: Enigma	Read Replies (1) \| Respond to of 3558

No I don't! Let's say the total company costs are X and the profit of the company is Y - is the cost per ounce X - Y divided by the number of ounces produced? I think one has to stick with a mine by mine cost.

To: Tommaso who wrote (2252)	3/31/2002 4:26:56 PM
From: nickel61	Read Replies (1) \| Respond to of 3558

It changes quite frequently do to the nature of the variation in the actual costs at each of their mines and the changes in their overhead and administration expense in relation to the variations in production. Using the method I delineated earlier which is not commonly used by management of gold mining companies to review their operations, the number would be about $310-$320/ounce for Barrick the last time I calculated it which was about a year and a half ago. The full cost method they do use would result in a $260 or so number. The difference being the rest of the total charges for all corporate operations that I am including in the first number.