RE: X14 Mar 2025 06:57
‘As the gold price hits another record and tests $3000, we find ourselves having to reassess. Everything is now up in the air - what was once waste, is now very nice ore.
The industry average all in sustaining cash cost for gold is now about US$1500/oz, and heading north. Partly as costs have increased, but also we suspect because miners are throwing lower grade material into their mills, that previously was regarded as mullock. No doubt tailings dams and waste dumps are being examined with fresh eyes.’
Even the low grade project will start getting attention should the gold price continue to climb. Gold futures reaching $3005, now just a tad under $3k. Historic.