Critical accounting estimates and judgements



Production start date

  Various relevant criteria are considered in order to assess when the mine is substantially complete and ready for its intended use and to move into the production phase. Some of the criteria would include but are not limited to the following:
  • the level of capital expenditure compared to the total project cost estimates;
  • the ability to produce gold in a saleable form (where more than an insignificant amount of gold has been produced); and
  • the ability to sustain the on-going production of gold.