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5. How much does it really cost to mine an ounce of gold?

from The Globe and Mail

Sept. 25, 2014: 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. more


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