2014 gold mine capital cost to peak at US$2,400/oz - SNL Financial

The cost of building a mine has increased significantly over the last decade, from US$560 per ounce of gold production capacity in 2014 to more than $2,300/oz last year, says a new report by SNL Metals & Mining.

Based on data from mines currently under construction, capital costs are expected to peak this year at almost $2,400/oz, according to an article by SNL metals analyst Kevin Murphy.

2014 gold mine capital cost to peak at US$2,400/oz - SNL Financial

Rising costs continue to hamper gold producers