Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all in cost for mining a single ounce of gold.
22/05/2013· The highest FOB price ever quoted was $4,000/ton from China. Overall the cyanide price affects the cost of production for some gold mines. Mines in Africa S.America tend to pay the highest prices for mining chemicals. keeps track of
27/11/2009· In doing research for this article, I learned gold production costs currently average about $450 an ounce for companies, including Agnico Eagle and Newmont Mining .
23/05/2017· And since gold is currently trading at just over $1,200 per ounce, it explains why mining companies have had less than stellar profits. Determining the costs of
04/02/2015· Since the bull market for gold began in 2003, the worlds major gold mining companies have produced tens of millions of ounces of gold and have raised many billions of dollars for capital expenditures and acquisitions. Despite a gold price that appreciated from $344 to $1260 an ounce from 2003 to the present , the ...
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The Cost Of Producing An Ounce Of Gold American Bullion
Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all in cost for mining a single ounce of gold.