• Platinum Production Cost - How High is too High ...

    And after the mine is tapped out, the mining company may be required to rehabilitate the site to pre-mining conditions. As one can see, the platinum production costs go well beyond the mere act of pulling the metal from the ground. This is why we have different notions of platinum production costs.

  • Hecla Mining reports highest-ever gold production in 2019 ...

    Jan 07, 2020  American silver producer Hecla Mining (NYSE:HL) said on Tuesday that gold production last year reached 272,873 ounces, an increase of 4% from 2018 and the highest in the company’s history. The ...

  • 5 More Gold And Silver Mining Stocks For 2020 Seeking Alpha

    Apr 13, 2020  McEwen Mining has four operating mines in Canada, Nevada, Mexico, and Argentina. In 2019, they will produce about 175,000 oz of gold equivalent. Costs are high, with all-in costs

  • Top Gold Miners' Production Cost Still Provides Floor In ...

    Nov 28, 2018  I proved this point by showing the increase in the gold production cost at Homestake Mining (the United States largest gold mine 1970's) from 1971-1979: ... Homestake Mining's gold production cost ...

  • Australia’s gold mines by production, grades and costs ...

    May 22, 2019  The lowest cost “gold only” operations were Kirkland Lakes' Fosterville mine with an AISC of A$442/oz, then Westgold Resources' (ASX:WGX) Fortnum mine (A$937/oz) and Newmont's (NYSE:NEM) Tanami mine (A$953/oz). Production

  • Platinum mine production by country 2019 Statista

    Feb 13, 2020  This statistic shows the global mine production of platinum from 2015 to 2019, by major producing countries. The mine production of platinum in

  • Platinum production costs by world region 2018 Statista

    Jun 25, 2019  Mining costs of Agnico-Eagle Mines per ounce of gold 2008-2019 Platinum jewelry import value to Japan 2015, by region Platinum jewelry import volume to Japan 2015, by region

  • These ten mines will make money - even if gold price falls ...

    Oct 17, 2018  Mining Intelligence looked at costs at primary gold mines and found 10 operations that would still make money, even if gold halves in value from today’s levels. AISC metrics has

  • The Cost Of Producing An Ounce Of Gold American Bullion

    The most expensive place in the world to mine gold is in South Africa. There, all-in gold production costs can be more than twice as much as in Peru, which is the least expensive place to mine gold. According to the Thomson Reuters GFMS Gold Mine Economics Service, average all-in costs for South Africa were over $1,400 between 2005 and 2013 ...

  • What Is The Current Cost To Produce An Ounce Of Silver ...

    Entering the new year, the world’s top silver companies averaged $10.56 in production costs per ounce of silver. But that could change. According to the Silver Institute, global silver production declined in 2016 and should again in 2017.For years now, investment experts and silver bugs warned the public that silver costs too much to mine and that the lack of mining profitability would mean ...

  • Production at ATO Gold Mine Passes 15,000 Oz Gold in First ...

    Jul 06, 2020  The Company remains on track to produce approximately 60,000 ounces of gold in its first year of production at cash costs of circa $500 per ounce from the ATO Mine.

  • Today's Gold prices are not much above production costs ...

    The global gold cost curve is not far below current gold prices. Note how today’s prices (red dotted line) are not much above production costs for a majority of mines. The average mine pays $1,083 to pump out an ounce of gold, leaving a couple hundred dollars of profit at current rates. That equates to under a 20% profit margin.

  • Australia’s gold mines by production, grades and costs ...

    May 22, 2019  The lowest cost “gold only” operations were Kirkland Lakes' Fosterville mine with an AISC of A$442/oz, then Westgold Resources' (ASX:WGX) Fortnum mine (A$937/oz) and Newmont's (NYSE:NEM) Tanami mine (A$953/oz). Production

  • how much does it cost to mine gold

    Lowest Cost Gold Mines in the World for First Quarter 2019 ... Jul 29, 2019 Due to higher production costs, mining companies need to operate efficiently. In 2019, the average all-in sustaining costs (AISC) of mining for gold rose to $1,000 per ounce from $988 per ounce in the last quarter of 2018.

  • South Africa: The Prospects of Gold and Platinum

    Oct 17, 2012  Unlike platinum, South Africa does not control that much of the world's supply of gold, so higher production costs could discourage gold mining companies from investing in South Africa. In fact, AngloGold Ashanti, the world's third-largest producer of gold, operates in 10 different countries, including South Africa, and is trying to diversify ...

  • Overview of Mining Costs - Gold Convention

    In the case of some metals, like platinum, depth of mining is rising as metal available at shallow levels has for the most part already been extracted. ... Gold Mine Cash Costs in 2011 production relatively less sensitive to changes in the price of the metal. $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $0 $200 $400 $600 $800 $1,000 $1,200

  • The true cost of producing an ounce of gold Provident

    May 23, 2017  A new metric has since been developed by the World Gold Council to report the “all-in 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 ...

  • Majority Of Silver Miners All-In Sustaining Costs ...

    Nov 15, 2018  Many of the silver miners production costs increased in the third quarter of 2018 due to higher energy, material, and labor costs. Only one silver mining company out of the group posted a profit of $6.8 million for the quarter, and that was Fortuna Silver Mines. The biggest loser was Coeur Mining which suffered a $53 million loss for the period ...

  • Platinum mine production by country 2019 Statista

    Feb 13, 2020  This statistic shows the global mine production of platinum from 2015 to 2019, by major producing countries. The mine production of platinum in

  • Best Mining Stocks to Buy in 2020 - The Motley Fool

    One thing that sets Barrick Gold apart from other precious metals companies is its focus on Tier One mining assets. It defines a Tier One mine as one that: Produces more than 500,000 ounces per year

  • San Francisco Gold Mine of Magna Rises Again

    Jun 29, 2020  Magna plans on restarting the San Francisco mine and getting to stable low cost production. First year production should be about 70,000 ounces moving to 100,000 ounces in a year. Management has plans for expansion and picking up new projects with an objective of annual production of 200,000 ounces gold with a 5 million ounce resource by 2023 .

  • Production Costs in Underground Gold Mines CSA Global

    The median cost of Australian gold production in the final quarter of 2016 was A$1081/oz. The threshold for lowest cost quartile production was A$965/oz. Underground production now dominates Australian gold output – with 71 per cent of ounces originating from operations that are either entirely underground or hybrid pit/underground mines.

  • The 10 Biggest Gold Mining Stocks The Motley Fool

    The combined company mines gold in nine different countries on four continents, with assets in Ghana, Australia, and across North and South America, and full-year production added up to about 7.4 ...

  • Greenhouse gas emissions and production cost footprints in ...

    Australia has a globally significant gold mining sector for which both greenhouse gas (GHG) emissions data and production cost data are often available on an individual mine basis. Establishing relationships between GHG emissions and production costs has the potential to shape the future of the gold industry in Australia through greater focus ...

  • San Francisco Gold Mine of Magna Rises Again

    Jun 29, 2020  Magna plans on restarting the San Francisco mine and getting to stable low cost production. First year production should be about 70,000 ounces moving to 100,000 ounces in a year. Management has plans for expansion and picking up new projects with an objective of annual production of 200,000 ounces gold with a 5 million ounce resource by 2023 .

  • how much does it cost to mine gold

    Lowest Cost Gold Mines in the World for First Quarter 2019 ... Jul 29, 2019 Due to higher production costs, mining companies need to operate efficiently. In 2019, the average all-in sustaining costs (AISC) of mining for gold rose to $1,000 per ounce from $988 per ounce in the last quarter of 2018.

  • Greenhouse gas emissions and production cost footprints in ...

    Australia has a globally significant gold mining sector for which both greenhouse gas (GHG) emissions data and production cost data are often available on an individual mine basis. Establishing relationships between GHG emissions and production costs has the potential to shape the future of the gold industry in Australia through greater focus ...

  • cost of production for opencast metal mining in Egypt

    Overview of Mining Costs - Gold Convention. Gold Mining Has Become Extremely Profitable Again 1,400 1,600 1,800 1,400 1,600 1,800 The Price of Gold and Cash Operating Costs of Production Quarterly, Through Fourth Quarter 2011 $/Ounce Gold Price

  • Energy cost of 'mining' bitcoin more than twice that of ...

    Nov 05, 2018  Energy cost of 'mining' bitcoin more than twice that of copper or gold ... gold or platinum, ... which takes an astonishing 122MJ to mine one dollar’s worth of ore. “Mining

  • Gold and COVID-19: Who's Reacting and How? INN

    Fiore Gold (TSXV:F,OTCQB:FIOGF) — US-focused Fiore Gold said on March 19 that its Pan mine in Nevada was operating as normal; on March 27, it announced plans to electronically host its annual ...

  • The 10 Biggest Gold Mining Stocks The Motley Fool

    The combined company mines gold in nine different countries on four continents, with assets in Ghana, Australia, and across North and South America, and full-year production added up to about 7.4 ...

  • 5 Gold Mining Stocks with the Lowest Cost Production

    May 18, 2018  Save Article The gold mining stocks we have identified have low All-in Sustaining Costs (ASIC) relative to their peers. SmallCapPower May 18, 2018: Gold prices continue to decline, having decreased 4.4% M/M, from US$1,350 last month to US$1,290 today, including a US$30 drop over the past three days.As gold prices generally increase in times of economic and political instability,

  • Production Costs in Underground Gold Mines CSA Global

    The median cost of Australian gold production in the final quarter of 2016 was A$1081/oz. The threshold for lowest cost quartile production was A$965/oz. Underground production now dominates Australian gold output – with 71 per cent of ounces originating from operations that are either entirely underground or hybrid pit/underground mines.

  • Top 10 Largest Platinum Mining Companies in the World (2018)

    Global platinum production has been dominated by the top 10 largest platinum mining companies in the world for last several decades. Although the demand and consumption of platinum remain high all over the world, the production of platinum is highly concentrated, with the top five largest platinum mining companies representing over 70% of the world’s total platinum output.

  • Is Gold Pricey Relative To Platinum? - CME Group

    What’s more is that platinum costs far more to produce than gold. In 2014, the cash cost of producing platinum was $1,209 / troy ounce. That is about 20% above the current price! This implies that platinum mining production might continue its decline in coming years as producers run into financial trouble.

  • Top Platinum Mines Keep Digging Even as Price at Decade ...

    Sep 14, 2018  Still, the average so-called basket price of platinum-group metals mined in the country is now about $980 an ounce, just $20 more than marginal production costs, Julius Baer’s Menke said.

  • Opening New Mines

    For each of the mines, the yearly production, total fixed cost, and yearly operating cost were input into a discounted cash flow analysis, which used a 2.64% annual growth rate for operating cost, 99.38% annual decay rate for production, and 10% growth rate for average revenue (price for a

  • What is the Cost of Mining Gold? - Visual Capitalist

    We’ve analyzed the Top 50 Gold Mines to find the cost per ounce of gold by continent. The top 50 gold mines alone contain more than 33.5% of the world’s gold ounces.

  • how much does it cost to mine gold

    Lowest Cost Gold Mines in the World for First Quarter 2019 ... Jul 29, 2019 Due to higher production costs, mining companies need to operate efficiently. In 2019, the average all-in sustaining costs (AISC) of mining for gold rose to $1,000 per ounce from $988 per ounce in the last quarter of 2018.

  • Greenhouse gas emissions and production cost footprints in ...

    Australia has a globally significant gold mining sector for which both greenhouse gas (GHG) emissions data and production cost data are often available on an individual mine basis. Establishing relationships between GHG emissions and production costs has the potential to shape the future of the gold industry in Australia through greater focus ...

  • Is Gold Pricey Relative To Platinum? - CME Group

    What’s more is that platinum costs far more to produce than gold. In 2014, the cash cost of producing platinum was $1,209 / troy ounce. That is about 20% above the current price! This implies that platinum mining production might continue its decline in coming years as producers run into financial trouble.

  • cost of production for opencast metal mining in Egypt

    Overview of Mining Costs - Gold Convention. Gold Mining Has Become Extremely Profitable Again 1,400 1,600 1,800 1,400 1,600 1,800 The Price of Gold and Cash Operating Costs of Production Quarterly, Through Fourth Quarter 2011 $/Ounce Gold Price

  • Gold Mining Mining Shares Guide from BullionVault

    Gold Mining - Soaring Costs Eating into Profits# With new gold deposits proving costly and difficult to locate, gold mining companies are trying to mine more gold from their existing properties. Again, this adds to the growing costs of gold mining, and it also increases risks for gold mining workers.

  • Opening New Mines

    For each of the mines, the yearly production, total fixed cost, and yearly operating cost were input into a discounted cash flow analysis, which used a 2.64% annual growth rate for operating cost, 99.38% annual decay rate for production, and 10% growth rate for average revenue (price for a

  • Gold and COVID-19: Who's Reacting and How? INN

    Fiore Gold (TSXV:F,OTCQB:FIOGF) — US-focused Fiore Gold said on March 19 that its Pan mine in Nevada was operating as normal; on March 27, it announced plans to electronically host its annual ...

  • What is the Cost of Mining Gold? - Visual Capitalist

    We’ve analyzed the Top 50 Gold Mines to find the cost per ounce of gold by continent. The top 50 gold mines alone contain more than 33.5% of the world’s gold ounces.

  • Under the Microscope: The True Costs of Gold Production

    In early February 2014, the World Gold Council noted that the average industry cost of production is $1,200/ounce, with 30% of the industry becoming unprofitable if the gold price drops below that ...

  • THE PRIMARY PRODUCTION OF PLATINUM GROUP METALS

    of platinum and palladium. 58% of world PGM production takes place in South Africa1 not only for ore haulage but also to drive compressed air to and Russia accounts for a further 26%, most of this as a co-product of nickel mining. Nearly all of the rest comes from Zimbabwe, Canada and the USA. The primary production of PGMs represents the ...

  • Sibanye-Stillwater reports a dismal third quarter at its ...

    In the US, the Stillwater mines increased production of palladium and platinum by 3% to 139,178oz, with all-in sustaining costs rising to $769/oz from $695/oz because of “higher maintenance ...

  • How to profit from low-grade gold mines - Part 1 Kitco News

    The mine plan entails a very low strip ratio (0.76:1), which means every there is very little waste ore to help keep costs low and gold production high. At full build-out

  • Active Gold Mines in the United States Sciencing

    The United States is the third-largest gold-producing country, after South Africa and Australia. Mines in Nevada account for more than 80 percent of U.S. production. According to a 2005 article in The New York Times, Nevada had approximately 20 open pit gold mines, about half of the active mines in the United States. ...

  • South Africa Mining Production 1981-2020 Data 2021 ...

    Mining production in South Africa sank 47.3 percent year-on-year in April of 2020, following an 18 percent tumble in the previous month. It was the biggest decline in mining activity since available records began in January of 1981, mainly attributed to the Covid-19 pandemic and lockdown regulations since March 27th which forced mines to suspend operations.