Read More: Gold Mine Cost Report
- Publishing Date
- 07 May 2010 11:08am GMT
- Author
- Mining Journal
MJ Read More
The Mining Journal website this week includes the latest Gold Mine Cost Report, published by Fortis Bank Nederland, VM Group and Haliburton Mineral Services.
The report analyses the costs at 232 gold mines which produced a total of 11.6Moz. The average cash cost for the three months to end-December 2009 was US$516/oz (the average mine producing 49,963oz), with a median cash cost of US$495/oz (the median mine produced just 32,000oz).
The gold-producing companies will not be too concerned; the average gold price during this period was US$1,100/oz. Indeed, the differential increased to US$584/oz, compared with US$453/oz in the September quarter.
For details contact Clare Hayter of VM Group (info@virtualmetals.co.uk).
For the complete read more archive, visit: www.mining-journal.com/readmore
The report analyses the costs at 232 gold mines which produced a total of 11.6Moz. The average cash cost for the three months to end-December 2009 was US$516/oz (the average mine producing 49,963oz), with a median cash cost of US$495/oz (the median mine produced just 32,000oz).
The gold-producing companies will not be too concerned; the average gold price during this period was US$1,100/oz. Indeed, the differential increased to US$584/oz, compared with US$453/oz in the September quarter.
For details contact Clare Hayter of VM Group (info@virtualmetals.co.uk).
For the complete read more archive, visit: www.mining-journal.com/readmore
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