The true cost of producing an ounce of gold | Provident
23/05/2017#0183;#32;A new metric has since been developed by the World Gold Council to report the allin sustaining costs of mining gold. These numbers report that the cost of extracting an ounce of gold is actually over 1,000 per ounce, well above the aforementioned numbers. And since gold is currently trading at just over 1,200 per ounce, it explains why mining companies have had lessthanstellar profits. Determining the costs of mining