Here’s a chart:
EDR did a good job of keeping its office costs down this quarter. The ‘new normal’ seems to be between $60/oz and $80/oz and there’s no reason why any comapny should be spending more than that, I’d vouch. Meanwhile if you want to use gold taps in your office bathroom, go work for a silver mining company (though FVI and GPR are bound to tell you that layoffs and severance cheques are part of that gig, as in 3q14 both those were around $100/oz).
Here’s the table that made that chart, for reference purposes:
|Ticker||4q14 G&A ($m)||Oz Au or AuEq prod||$ G&A/oz|
|in case of silver
mines, conversion to AuEq done at 70/1