What is the cost of sales Definition of Cost of Sales. Cost of sales is often a line shown on a manufacturer's or retailer's income statement instead of cost of goods sold.. The cost of sales for a manufacturer is the cost of its finished goods in its beginning inventory plus the cost of goods manufactured during the accounting period minus the cost of finished goods in ending inventory.
Costs are pretty fixed while revenues depend on market ps. Now, if we take a look at Barrick Gold’s (NYSE: ABX) last earning report, it included statements like these: “Gold production in the third quarter was 1.38 million ounces, at a cost of sales applicable to gold of $766 per ounce, and all-in sustaining costs of $704 per ounce.” and
Mining Cost Serv continues to be a useful reference on a wide range of topics for early stage mine planning through to ‘fill the gaps’ on more detailed studies. Mining Cost Serv provides an independent source for information on equipment, quantities and cost for a significant number of mining methods and range of production rates.
21-05-2013· We’ve analyzed the Top 50 Gold Mines to find the cost per ounce of gold by continent. The top 50 gold mines alone contain more than 33.5% of the world’s gold ounces.
11-02-2016· Estimating Costs Types of costs :Types of costs : Capital cost;Capital cost; Operating cost;Operating cost; General and administrative cost (G&A).General and administrative cost (G&A). 6. The capital cost :The capital cost : in this case might refer to the investment requiredin this case might refer to the investment required for the mine and mill plant.for the mine and mill plant.
Net smelter return refers to the gross revenue an operator receives from the sale of the mine’s products to the smelter, less any transportation, insurance, marketing and refining costs.
04-02-2015· Cash cost is the cost to mine gold-bearing rocks, process the ore, and sell the gold. It factors in basic mining, processing, transport and refining costs but ignores sustaining capital, general and administrative (G&A) expenses, and other associated costs.
Mining Cost Serv is the industry standard reference for Mining Cost Estimation. This system places cost estimating data at your fingertips with conveniently indexed information to make your cost estimates faster, easier, and more credible. Monthly updates assure that you are ing with the most current cost
The inspiration to write this post was to clarify some issues with the costs of mining silver. I believe many of the investing public has mistaken what is termed as the “CASH COST” as the real cost of mining silver. According to the Silver Institute in 2010, the cash cost from primary mine production was $5.27 an
Reconciliation of Cost of Sales and Other Direct Production Costs and Depreciation, Depletion and Amortization, the most Comparable GAAP measurement to Cash Costs, Hecla completed the acquisition of Aurizon Mines Ltd., which gave the company 100% ownership of the Casa Berardi mine in Quebec, Canada.
Barrick explores sale of Zambian copper mine as government that it faces increased tax rates and reduced deductions that would add about 1.8 per cent to its all-in sustaining costs in the
The subsidiary produced about 633,600 tons of run-of mine-coal in the second half of 2019, 351,200 tons of which were sale coal, according to the court declaration. The mine reported realized sales per ton of $41.52 for the six-month period.
The Guidance Note on Non-GAAP Metrics all-in sustaining costs and all-in costs was first issued in 2013. In light of new accounting standards and to support further consistency of application, the The World Gold Council has published an updated Guidance Note,
SA Mine 2019 In Transition This is the 11th edition of our annual publication highlighting trends in the South African mining industry, as represented by the top 26 mining companies by market capitalisation.
1 Cost of sales, excluding depreciation, as disclosed in note 39 of the Company's annual consolidated financial statements is on an attributable ounce sold basis (excluding the non-controlling interests of 10% at Essakane and 5% at Rosebel) and does not include Joint Ventures which are accounted for on an equity basis. 2 This is a non-GAAP measure. . Refer to the non-GAAP performance measures