How much does it really cost to mine an ounce of gold?
By GCRU Gold News on Monday, September 22 2014, 06:09 - Permalink
A scan of major gold producers’ earnings suggests the cost of mining gold has risen dramatically over the past few years.
Part of that is a true increase, owing to inflation and the expense of digging out tough-to-reach grades. But most of it is due to a change in the cost metric that gold miners emphasize in their reports to the investing community.