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The real cost of mining gold | MINING

The real cost of mining gold For example, it paid $10 billion and assumed $05 billion in liabilities for Miramar Mining in 2007 and $23 billion for Fronteer Gold in 2011 Both projects were slated for development but the Hope Bay project was a bust and resulted in a $16 billion write-down in 2013...

The real cost of mining gold | MINING

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The Real Cost of Mining Gold | Kitco Commentary

Despite a gold price that appreciated from $344 to $1260 an ounce from 2003 to the present (a gain of 266%), the largest gold mining companies have not rewarded shareholders with a significant appreciation in share price and/or return of capital via dividends...

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

For the most part, cash costs ran from $500 (US) to $800 per ounce, depending on a miner's properti There was a problem, however: Even as the price of gold skyrocketed to nearly $1,900 per ounce, miners weren't reporting wild windfall profits on their bottom lin...