| Production Cost Calculation |
|
Production: Standard Costs Definition (Insert relevant cost of each mine) |
|
|
|
US $/oz of gold |
| (a) | |
|
Direct mining expenses |
xxx |
|
Stripping and mine development adjustments |
xxx |
|
Third-party smelting, refining and transport costs |
xxx |
|
By-product credits (deduct) |
(xxx) |
|
Other |
xxx |
|
Total cash operating costs |
xxx |
|
. .((b) |
. . |
|
(b) |
. . |
|
Royalties |
xxx |
|
Production taxes |
xxx |
|
Total cash costs (a) + (b) |
xxx |
| . | . |
| (c) | |
|
Depreciation |
xxx |
|
Depletion/amortization |
xxx |
|
Reclamation and mine closure |
xxx |
|
Total production costs (a) + (b) + (c) |
xxx |
Source: The Gold Institute