I think you are talking about the cash cost, rather than the...

I think you are talking about the cash cost, rather than the operating cost.

The other problem with the cost/oz is the much reduced production. Is the production down because recovery of silver is down, or because it is taking longer on the leach pads for the targetted recovery to be achieved?

If recoveries are down, then the cash cost per oz will be close to double the projected amount, as production is half the target. Mining, crushing and leaching costs per oz would be double, whilst recovery costs would be similar.

If the leaching is half the rate expected, then the mining and crushing costs per oz would be roughly the same, leach costs would be much higher (and thus the need for cheaper power is important) and recovery costs would again be similar.