2020 All-in Sustaining Unit Costs(1)
Öksüt | Centerra(2)(4) | |||
Ounces sold forecast (Kounce) | 520-560 | 140-160 | 80-100 | 740-820 |
Cost of sales attributable to gold ($/ounce) | ||||
All-in sustaining costs on a by-product basis ($/ounce) (1) (2) | ||||
Revenue-based tax and taxes ($/ounce) (3) | ||||
All-in sustaining costs on a by-product basis, including taxes ($/ounce) (1) (2) (3) | ||||
Gold - All-in sustaining costs on a co-product basis ($/ounce) (1) (2) | ||||
Copper - Cost of sales attributable to copper ($/pound) | – | – | ||
Copper – All-in sustaining costs on a co-product basis ($/pound) (1) (2) | – | – |
- All-in sustaining costs sold on a by-product basis per ounce sold, all-in sustaining costs on a by-product basis including taxes per ounce sold and all-in sustaining costs on a co-product basis (gold and copper) on a per unit basis are non-GAAP measures and are discussed under “Non-GAAP Measures” in the Company’s news release dated
February 11, 2020 . Mount Milligan ounces sold are on a 100% basis (the Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively). Unit costs and consolidated unit costs include a credit for forecasted copper sales treated as by-product for all-in sustaining costs and all-in sustaining costs plus taxes. The copper sales are based on a copper price assumption of$2.60 per pound sold for Centerra’s 81.25% share of copper production and the remaining 18.75% of copper revenue at$0.39 per pound (15% of spot price, assuming spot at$2.60 per pound), representing the Mount Milligan Streaming Arrangement. Payable production for copper and gold reflects estimated metallurgical losses resulting from handling of the concentrate and payable metal deductions, subject to metal content, levied by smelters.- Includes revenue-based tax at
Kumtor ,British Columbia mineral tax atMount Milligan and income tax at Öksüt based on a forecast gold price assumption of$1,350 per ounce sold. - Results in chart may not add due to rounding.
About Centerra
Additional information on Centerra is available on the Company’s website at www.centerragold.com and at SEDAR at www.sedar.com.
Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com.
A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/233dab4b-f73c-433b-ba32-b2be06d773b6
For more information:John W. Pearson Vice President, Investor Relations (416) 204-1953 john.pearson@centerragold.com
Source:
2020 GlobeNewswire, Inc., source