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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (62932)1/20/2009 10:38:18 AM
From: tyc:>  Read Replies (1) | Respond to of 78426
 
>>"Costs are coming down".

Claude, are Canadian costs coming down in Canadian dollar terms ? Or are US$ cash costs per oz down only because the Canadian dollar is down ?



To: Claude Cormier who wrote (62932)1/21/2009 3:06:55 AM
From: marcos  Read Replies (2) | Respond to of 78426
 
'Every $0.10 per gallon movement in diesel price now results in an approximate $2 per ounce change in cost of sales per ounce(2).'

news.prnewswire.com

That's after accounting for 50% of 2009 diesel which wgi.to has hedged, so if i'm reading this right, full unhedged fuel cost effect would be 4.00/oz per dime of fuel cost change ... interesting ... they say diesel is approx 20% of cash costs of 515, so that's 103/oz

No trouble getting those truck tires now -g- ... what do you think of wgi.to here, Claude? ... not nearly as strong a chart as others, imho