Since establishing formal guidelines in 2013, the World Gold Council''s (WGC) AllIn Sustaining Cost (AISC) has been an important metric for comparing costs per payable metal unit sold for gold mining
In addition to disclosing financial information prepared in accordance with Canadian GAAP or IFRS, depending on the period, SNCLavalin also discloses certain nonGAAP and nonIFRS financial measures, such as gross margin, revenue backlog, operating income, EBITDA, freehold cash, bookings and working capital.
Pinto Valley: The largest egory of sustaining capital in 2016 is $10.3 million for mining fleet component replacement, which was accounted for as an operating cost prior to 2016 and in the PV2 PFS. In 2016 this has been reclassified from operating to capital and is accounted for as capital
1) Maintenance Capex (sustaining) measures how much spend needs to be made to ensure existing Capex functions properly (think annual machine maintenance, IT upgrades of existing systems, etc.) 2) Growth Capex Capex required to grow production, revenues example of this is new machinery next to existing, a new plant to double production, etc.
It factors in basic mining, processing, transport and refining costs but ignores sustaining capital, general and administrative (G&A) expenses, and other associated costs. "Cash cost" gives little insight into the actual allin cost of a company producing an ounce of gold.
mining companies are required to make some unique and especially complex estimates and judgments due to the nature of their operations. Many of these require management to consider both financial and nonfinancial information in determining the amounts to recognize in their financial statements.
Prospectors and Developers Association of Canada. Mining valuation: New perspectives and a global update. Grant A. Malensek, MEng, PEng/PGeo. Principal Consultant – Mineral Project Evaluation (SRK Consulting) March 7, 2017 (Toronto, ON) 1
Allin Sustaining Cost was widely adopted in 2013, senior gold companies worked with the World Gold Council to come up with this new measure. It includes Sustaining Capital (which gets larger and larger as mines get older and grades decline) as well as G&A expenses. By definition Allin Sustaining Costs do not include costs
Margins in Mining – Where are they What is and is not included in C1 costs The real cost of Capital and how to hide it Overheads, R&D (incl. exploration) and core values Sustaining Capital – they should be in, sustaining capital is not like initial Capex. It is either a variable cost i.e. depends
The capitaltooutput ratio is a measure of the amount of capital that is used to produce a single unit of output. In the mining sector, capital includes machinery and equipment, as well as associated infrastructure (for example, railways, gas pipelines and ore processing facilities).
Dec 02, 2016 · Mining costs aren''t an accounting metric, but most miners should follow the World Gold Council''s guidelines. A second source states that by adding sustaining capital—the capital required to keep on the lights at the mine—to the cash costs, we
on the mining and processing costs incurred in mining an ounce of gold, which included the costs of goods sold (labor, energy, and consumables costs) and royalties (Table 1). But cash cost reporting ignores many important aspects, like sustaining capital, general and administrative expenses, and site rehabilitation at the end of the mine
May 15, 2019 · Sustaining capital expenditures of $7.1 million invested in mining equipment and development Q1 2019 Financial Results Summary Gross profit of
Sustaining Capital & Turnarounds. Over 7 Million Engineering Design Hours . Bantrel has been continuously evolving our sustaining capital expertise since 1991 based on our longterm relationships established with our bluechip clients including Imperial Oil, Husky, Suncor and Enbridge Pipelines.
Sep 16, 2013 · Use of the "allin sustaining costs" (AISC) measure of gold production is on the rise, as it provides a more comprehensive look at costs than the traditional "cash cost" approach. The AISC
Surface/underground mine cost models a variety of sizes/types: theoretical mining operations, flotation milling, carboninpulp, heap leach & placer models.
Sustaining Capital Portfolio Excellence Perth, Western Australia, Australia Mining & Metals. Rio Tinto. 500+ connections. View Lisa Powell''s full profile. It''s free!
Allin Sustaining Cost Analysis Asseu Gilbert Yapo Mining today plays a key role in the development of our civilization (Camm, 2014): like sustaining capital, general and administrative expenses, and site rehabilitation at the end of the mine life (Whelan, 2013). The cash cost was used to
Mar 05, 2019 · In 2018 the company invested $9.5M in plant, equipment and mining properties (growth and sustaining CAPEX) plus $5.4M in exploration. Of this pretty high capital spending not a
RBC Capital Markets Global Mining & Materials Conference Notes to Investors Note Regarding the Use of NonGAAP Financial Measures This presentation discloses certain measures, including "total cash costs per ounce"and "allin sustaining costs per ounce" that are not standardized measures under IFRS.
The use of the "allin sustaining costs" and "allin costs" metrics has been widely adopted by gold mining companies as part of their overall reporting disclosure. These nonGAAP metrics have helped provide greater clarity and improve investor understanding. All companies involved in goldmining are encouraged to use these metrics.
As endtoend solution providers and partners to our clients, we know that the day a project is completed is just the beginning. Our sustaining capital expertise helps our clients operate, maintain and create improvements throughout the entire lifespan of their facilities.
Jul 12, 2016 · At current production rates, five of Canada''s biggest oil and gas producers will together spend about $10 billion per year on sustaining capital. That''s according to new research released by FirstEnergy Capital this week summarizing recent guidance from
GUIDANCE NOTE ON NONGAAP METRICS ALLIN SUSTAINING – COSTS AND ALLIN COSTS US $ / gold ounces sold OnSite Mining Costs (on a sales basis) Income Statement (a) OnSite General & Administrative costs Income Statement (b) Royalties & Production Taxes Income Statement (c) Realised Gains/Losses on Hedges due to operating costs
Mining companies globally have increased their focus on improving working capital performance in the past few years. EY''s Cash in the ground report analyzed the working capital performance of 80 of the largest mining companies globally during 2007 to 2013.
Apr 08, 2019 · The cutoff grade of 4.4 g/t Au was determined for a mining rate of 800 tpd at estimated costs of $98/t mining, $40/t processed, $34.5/t G&A and $2/t sustaining services, plus $46/t capital
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