While by no means a silver bullet, today’s announcement by the WGC of a guidance note on all-sustaining costs and all-in cost metrics is a very large step in the right direction.
by Geoff Candy, MineWeb.com
The World Gold Council’s (WGC) announcement today of a Guidance Note on “all-in sustaining costs” and “all-in costs” metrics, should have investors dancing in the streets.
Its unlikely to happen because gold miners aren’t renowned for public displays of dancing – especially with markets as depressed as they are, but it is a cause for celebration.
Admittedly it is not a binding measure, but it is a definite move toward greater clarity on the issue of gold mine cost reporting, something Mineweb has been clamouring for, for a long time.
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