Do C1 cash costs include royalties?
C1 Cash Cost (C1): represents the cost for mining, processing and administration after accounting for movements in inventory (predominantly ore stockpiles). It includes net proceeds from by-product credits, but excludes the cost of royalties and capital costs for exploration, mine development and plant and equipment.
What does C1 cost include?
The C1 cost represents the ‘direct’ production costs of iron ore and is a commonly quoted figure. Fortescue’s C1 cost guidance for the second half of FY15 is US$25-26/wmt. Delivered cost. The delivered cost includes the C1 cost, plus shipping, royalties and overhead costs.
What is C2 cost in mining?
In this model, the costs, C2 has the depreciation (1/3 of the capital paid back yearly), as well as 6% interest added to it.
What is cash cost in mining?
Cash costs, in mining, are the costs of production, at site level, per unit of output. includes transport, refining and administration costs and royalties. excludes non-cash costs such as depreciation and amortisation. excludes costs not at site level (such as head office costs).
Does AISC include depreciation?
Cash cost represented the direct cost involved in processing and mining the ore, while the total costs included reclamation, amortization and depreciation costs. The All-In Sustaining Cost (AISC) is an advanced metrics used by mining companies to report their cost of gold mining.
How much does it cost to mine copper?
Mine level cash costs in the country that is responsible for nearly 6 million tonnes of global annual copper production of 21 million tonnes fell last year to an average of $1.3 per pound, local paper El Mercurio reports. In the rest of the world, the average was between 82 cents to $1.05 per pound.
How do you calculate all-in sustaining costs?
Formula of the All-in sustaining costs or AISC: All-In Sustaining Costs = Cash Costs (including by-product credits) + Sustaining Capital + Exploration expenses + G & A expenses.
What is AISC gold?
The All-In Sustaining Cost (AISC) is an advanced metrics used by mining companies to report their cost of gold mining. AISC includes all the varying costs incurred in gold production over the mine’s life-cycle.
What does cash cost include?
Cash cost is a term used in cash basis accounting that refers to the recognition of costs as they are paid in cash. It is essential to realize that cash costs include payments from checking accounts and debit cards, in addition to physical cash.
Does cash cost money?
Cash App charges a 3 percent fee if you use a credit card to send money, but making payments with a debit card or bank account is free. Cash App also charges a 1.5 percent fee if you request an Instant Transfer of funds from your Cash App account to your linked debit card.
What is not included in AISC?
Per the WGC Guidance Note, costs related to business combinations, acquisitions and disposals are excluded from AISC and AIC.
What are sustaining costs?
WGC guideline classifies as sustaining cost all the costs necessary to maintain the current assets production capacity and carry out the current production plan. It also includes costs that help maintain the company social license not related to current production.
What does C1 stand for in metal prices?
Net Direct Cash Cost (C1) represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to market, less net by-product credits (if any). The M1 margin is defined as metal price received minus C1.?
What does Brook Hunt mean by C1 costs?
Under the Brook Hunt definition, C1 costs are direct costs, which include costs incurred in mining and processing (labour, power, reagents, materials) plus local G&A, freight and realisation and selling costs. Any by-product revenue is credited against costs at this stage. Costs are reported in US dollars per pound…
What was the cost of the Fortescue C1?
Fortescue’s C1 cost guidance for the second half of FY15 is US$25-26/wmt. The delivered cost includes the C1 cost, plus shipping, royalties and overhead costs.
