Glossary

CME
Chicago Mercantile Exchange
NYMEX
New York Mercantile Exchange
Mineral Reserves
The economically mineable part of a measured найти работу в омске or indicated mineral resource demonstrated by at least a preliminary feasibility study.
Mineral Resources
A concentration of material in, or on, the earth’s crust of such grade or quantity where there is a reasonable prospect for economic extraction.
Total Production Cost
Total cash costs, plus depreciation, amortisation, reclamation and closure cost obligations relating to each operating unit.
Recycling
Covers the recovery of gold from fabricated products, including unused trade stocks. Excludes scrap generated during manufacturing (known as production or process scrap). The recycling is captured in the country where the scrap is generated, which may differ from where it is refined.
 
All-In Sustaining Cost
The sum of total cash costs plus community costs, sustaining capital expenses, corporate, general and administrative expenses (net of stock option expenses) and exploration expenses.
 
Gold consumption
The sum of domestic jewellery fabrication, plus imports, less exports, adjusted forchanges in trade stocks.
 
Fabrication
Captured in the country where the first transformation of gold bullion or grain into a semi-finished product takes place.
 
Total Cash Costs
Includes all direct and indirect mine site cash costs related directly to the physical activities of producing metals, including mining, ore processing on-site general and administrative costs, third-party refining expenses, royalties and production taxes, net of by-product revenues.
 
Grade (g/t)
Grams per metric tonne of rock
 
Troy ounce (oz)
One troy ounce — 31.103 grams
 
Fair value (IFRS)
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date
 
Market Value (IVS)
Market Value is the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had казино онлайн бесплатно без регистрации each acted knowledgeably, prudently and without compulsion.
 
Weighted Average Cost of Capital (WACC)
A discount rate estimated by the weighted average, at market values, of the costs of all financing sources in a business enterprise’s capital structure
 
EBITDA
Earnings before interest, tax, depreciation and amortization