how much does it cost to mine gold

how much does it cost to mine gold

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. Cost Reporting Debate—Does It Really Cost $1,200 to Mine One Ounce? The $1,200 price tag is still questioned by investors and industry insiders.

Read More
The true cost of producing an ounce of gold Provident

23-05-2017· These numbers report that the cost of extracting an ounce of gold is actually over $1,000 per ounce, well above the aforementioned numbers. 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 mining largely depend on the region as well.

Read More
What is the Cost of Mining Gold? Visual Capitalist

22-05-2013· Mikki2071 junkyardnut • 6 years ago. Production costs are tracking energy prices. Your $200-300 was with oil price way below the $100+/bbl oil the data in this report is base on so multiply by 3-4x. Energy is by long term contract, not spot price, so it takes a while for prices to get reflected in the cost

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

20-09-2014· For the most part, cash costs ran from $500 (U.S.) to $800 per ounce, depending on a miner's properties. There was a problem, however: Even as the price of gold

Read More
Gold Production Cost How High is too High? Sunshine

For example, gold production costs in South Africa can be more than twice as much as in Peru. What does make up the cost of gold production? First, the mining company has to discover mineable gold deposits, conduct exploratory drilling and extensive

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

19-09-2014· For years, miners liked to talk about "cash costs," the mine-level expenses of pulling an ounce of gold from the ground. For the most part, cash costs ran from $500 (U.S.) to $800 per ounce

Read More
The Cost of Mining an Ounce of Gold Business

28-06-2013· They also included the cost of mining an ounce of gold at each of their sites. As you can see below, the cost of mining an ounce of gold for Barrick ranges from $333 to $3,764 per ounce.

Read More
How much do gold mines cost? Quora

I’m afraid that this is a “how long is a piece of string” question, to which I will not be able to give you a specific answer. It very much depends on the size and grade of the orebody and its location. For example, Gascoyne Resources, an Australi...

Read More
RANKED: Top 10 lowest cost gold mines on the globe

03-05-2019· In 2018, global gold mining companies’ average all-in sustaining costs (AISC) fell 6% across the board as miners reacted to a gold price in steady decline for most of the year.

Read More
How Much is the Cost of Mining Exploration

20-03-2017· Golden Belt—This property is in Yavapai County, Arizona, 15 miles from the railroad. Following is a summary of the exploration costs, including camp buildings, roads, mine equipment and supplies, 750 feet of open-cuts, approximately 598 feet of tunnels and drifts, 95 feet of raises, and 825 feet of 14° incline, and cost of stoping 2,370 tons of ore taken out during the period covered:

Read More
Australia’s gold mines by production, grades and costs

22-05-2019· Evolution Mining’s (ASX:EVN) part of the Ernest Henry operations was the lowest cost producer reporting an AISC of A$-510/oz followed by Newcrest’s Cadia Valley operations with an AISC of A$206/oz, then by Kirkland Lakes' (ASX:KLA) Fosterville mine (A$442/oz). The average gold spot price for the quarter was A$1,830/oz (US$1,304/oz).

Read More
The True All-In Cost To Mine Gold: Complete 2012

17-04-2013· The true gold cost of $1287 is much higher than the reported "cash costs" (under $1000 for most miners) and gives gold miners very limited profit at current gold

Read More
The Cost Of Mining Gold In Alaska Keeps Going Up

08-09-2011· But as the price of gold has surged, NovaGold’s shares have sunk by more than 25% in 2011. NovaGold has tried to estimate for years how much it might cost to build a mine at Donlin,

Read More
HOW TO VALUE A GOLD MINING COMPANY

25-12-2020· This is for 2 primary reasons: (1) to be able to compare among other gold companies in the industry, and (2) since the gold price is an important economic indicator for the economy in general and for mining specifically, one can easily assess the viability of a mine by netting the gold price by the operating cost, which are both stated in per ounce.

Read More