"Russia is a cost-competitive place to mine gold," said Tim McCutcheon, senior analyst at Aton Capital. He said the average cash cost for producing an ounce of gold in Russia was $220, compared with a global average, excluding Russia, of $256.
If you heard from Parkin a cost of around $280 per ounce, that is terrific, and very encouraging. I hope we see an official filing stating so soon.