CNMC Goldmine Holdings Limited

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All-in Cost Breakdown

Financials

1 Adjusted operating costs include production costs such as mining production and maintenance costs, royalties, and operating costs such as storage, net of by-product credits. These costs may vary depending on seasonal or cyclical factors, including among others, rainy season and grade of gold extracted from the ore.

2 All-in sustaining costs include adjusted operating costs and sustaining capital expenditure, corporate general and administrative expenses, exploration expense, reflecting the full cost of gold production from current operations.

3 Include all-in sustaining costs and non-sustaining costs. Non-sustaining costs are costs incurred for new operations and costs related to construction of the new production facility for the existing operations where these projects are expected to materially increase production in future.

 

The all-in costs per ounce in 2H2023 and FY2023 were 14.4% and 6.7% lower, respectively, as compared to 2H2022 and FY2022. This was mainly due to economies of scale arising from the higher production and sale volume of fine gold. The decrease in non-sustaining capital expenditure was because one of the underground mining facilities had commenced operation since 4Q2023.

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