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Fortescue’s delivered price is adjusted for its quality and lower ferrous content – it has historically been able to sell its product at an 85% discount to the index price. So if the iron ore index price is at US$58/dmt, Fortescue will be realising a price of about US$58 x 85% = US$49.3/dmt on its iron ore. C1 Cost.
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Silver output also slipped by 5% year on year to 16,875 kilograms, but the average silver price rose by 34.2% to $25.77 per troy ounce. Production of chromite declined by 59% to 10,816 dry metric tons (DMT) while iron ore output fell 33.5% to 28,474 DMT.
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