Project capital expenditures are included in our calculation of all-in costs, but not included in our calculation of all-in sustaining costs. EndnotesEndnote 1“Free cash flow” is a non-GAAP financial measure that deducts capital expenditures from net cash provided by operating activities. “C1 cash costs” per pound excludes royalties and production taxes and non-routine charges as they are not direct production costs. “All-in sustaining costs” per pound is similar to the gold all-in sustaining costs metric and management uses this to better evaluate the costs of copper production. Endnote 19Total cash costs and all-in sustaining costs per ounce include costs allocated to non-operating sites.

Source: The North Africa Journal May 03, 2023 22:02 UTC