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Gold costs and majors: Talk of the devil, Yamana $AUY edition

Yesterday, this post on the cost levels in gold mining today and insight on how production may get crimped by the current gold price.

Not even 24 hours later, this from Yamana (YRI.to) $AUY and the part on its Santa Luz mine in Brazil:

After careful and extensive review, and having allowed a sufficient period of time for optimization efforts, the Company has concluded that the optimal plan for C1 Santa Luz would be to temporarily suspend ramp-up activities, and put the project on care and maintenance while several identified alternative metallurgical processes are evaluated. 
The decision to temporarily suspend ramp-up activities at C1 Santa Luz and put it on care and maintenance is consistent with the Company’s focus on maximizing cash flow rather than production only and protects the significant inventory of mineral resources that that would otherwise likely be lost permanently to tailings with the current recovery levels. 
Full NR here

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