Cost to Mine an Ounce of Gold


How much does it really cost to mine an ounce of gold?

Special to The Globe and Mail

… For years, miners liked to talk about “cash costs,” the mine-level expenses of pulling an ounce of gold from the ground. … (But) cash costs left out a host of expenses, from the costs of running the company to annual spending on equipment.

The new “all-inclusive” measures attempt to solve that. The most frequently used metric, “all-in sustaining costs,” puts the cost of extracting an ounce of gold at more than $1,000 industrywide 

 

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About icliks

Biding my time in central ms ... yours too, if ur reading this.
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