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cost of production

ColinCMRColinCMR Posts: 1,482 ✭✭✭
in Precious Metals
Does anyone have an estimate on the average cost of producing 1 ounce of gold?

I know it's a complicated estimate, with lots of lil assumptions, but I have seen them discussed before, so someone must be crunching the numbers

Comments

  • PerryHallPerryHall Posts: 46,228 ✭✭✭✭✭
    It probably varies greatly from mine to mine. Some of the mines in South Africa have to bring the ore up from two miles below ground which I imagine is quite expensive.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gecko109gecko109 Posts: 8,231 ✭
    Less than $820.image
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