Cash cost introduced in the mid 1990s is the cost to dig gold bearing rocks out of the ground process the material and sell the gold. By definition it factors in the basic mining and processing costs but ignores certain
Thank you for posting this information rich article. I& 39;ll be referring to it and your five part series a lot in the coming days and weeks. If I may pose a question the last time I checked 2011 or 2012 I believe on the all-in cost to mine an ounce of Gold was between $1215 and $1250 an ounce.
Despite having just the ninth-largest known gold reserves a little more than 3% of the global supply China produces 12-15% of all the world’s new gold each year. Mining Costs Tend to Rise Over Time. Gold is a rare element and much of the world’s supply of easily attainable gold was picked up mined and prospected long ago.
Gold Mining Operation: 10 - 30 years. The gold mining operation stage represents the productive life of a mine during which ore is extracted and processed into gold. Processing involves transforming rock and ore into a metallic alloy of substantial purity – known as doré – typically containing between 60-90% gold.
of the total estimated stock of gold available as at 2010 World Gold Council 2010; GFMS 2013 . Recycled gold allows illi quid jewellery back into circulation to meet increased demand. Indeed as
The extravagance of the moment is provoking a storm among environmental groups and communities near the mines and forcing even some at Tiffany and Company and the world& 39;s largest mining companies to confront uncomfortable questions about the real costs of mining gold.
The bottom line is the gold-mining industry’s cost structure is far lower than that $1200 number often thrown around. The world’s biggest gold miners are producing gold on an all-in-sustaining ...
Just to give you an idea of how variable this can be in 2020 some of the lowest cost gold mining companies had AISCs between $604/ounce and $987/ounce. Much like the spot price of gold itself AISC is generally measured on a per-ounce basis to compare to the market price of gold.