Cncventure. From my notes of the Medusa presentation in London a...

Cncventure. From my notes of the Medusa presentation in London a few months ago, Geoff said AISC for current year $900-1000 with the aim being to get this down to $800.

The forecast AISC for next year is higher including $80/oz for the new service shaft, and there are other capital costs to make the mine operation more efficient as production is ramped up to potentially 170k oz/year or so over the next few years.

This year is the first the company has been reporting AISC so first we need to see the outcome reported in the company accounts for the full year 2014/15 in August. The company says it is focussed on becoming more efficient and is still recovering from all that went wrong with the new mill implementation (now behind us) and planning failures with matching the capacity of the mine to the increased capacity of the new mill.


Current management targets are on the conservative side to correct what went before under the previous management.

btw. I think you are correct to be 'on the edge of your seat wrt the next quarterly' (Q4/June)!