Tastarga posted some interesting points on AMG recently, both in the AND thread and the AGM(?) thread. It contains useful tidbits of information. It looks like the operating costs (us$235/oz) quoted by AMG management may not tell the full story - here's his post.
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The development costs I was referring to are the ongoing underground development costs that don't report to operating cash costs,eg decline access, roof support and so on.
Open cuts don't have much in this category until they lay the pit wall back a bit more.
Underground has them all the time. Examples include CRS,AGC and so on. You can juggle them a bit, such as BDG which is spending more upfront to open more faces at the one time and will reap the benefit down the track with reduced development costs.
Mining engineers play with tonnes per vertical metre when considering their development plans/costs. Epithermals can be quite high (narrow deep beasties!), compared to say BDG and BGF where they have long strike lengths for their 'ribbons'. They can chase the face good distances vertically without having to drop back down every 200 metres or so (decline costs/stope fill etc).
Cheers,TAS
AMG Price at posting:
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