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<p>[QUOTE=&quot;Cloudsweeper99, post: 1286099, member: 3011&quot;]Cash cost is irrelevant and it should be illegal for a company to report it.&nbsp; I consider it to be intentionally deceptive.&nbsp; It excludes the costs for legal, accounting, tax, non-mine employee expenses, light-heat-power-rent for headquarters properties, executive salaries and bonuses, SEC reporting and listing, and a host of other expenses.&nbsp; That&#039;s why many companies with cash costs below the spot price report losses.</p><p><br /></p><p>Edit:&nbsp; Here is a better way to look at it.&nbsp; HL profits are about 27% of total revenue.&nbsp; Or, total costs are about 73% of what the metal is sold for.&nbsp; So if they are selling the silver [with gold credits included] for about $31, their total cost of production is about $22-23.[/QUOTE]</p><p><br /></p>

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