Although several silver producers have mines that are candidates for care and maintenance, Dundee Capital suggests such shutdowns may prove value destructive.
by Dorothy Kosich, MineWeb.com
Dundee Capital Markets reported that the average all-in cash cost in Dundee’s silver equities coverage universe was $22.96 per ounce during the second quarter (with the exclusion of Silver Wheaton at $6/oz), down 7% from $24.73/oz in the first quarter of the year.
“Our all-in cash cost calculation includes: site operating costs, exploration, corporate G&A, interest costs royalties, taxes and sustaining capital,” said Dundee analysts Chris Lichtenheldt and Scott Morrison.
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