Exactly how much does it cost to produce an ounce of gold?
Peter Koven | March 6, 2014 | Last Updated: Mar 6 3:50 PM ET - More from Peter Koven
For many years, there was broad agreement that the gold industry’s cost reporting was an embarrassment and an utter joke.
Gold miners have worked hard to shed that reputation in the past year and a half. And they certainly made progress with the introduction of all-in sustaining costs.
But the question remains: Are investors now being told what it really costs to produce an ounce of gold? According to experts, that is debatable..
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"..Judging by recent earnings reports, the average all-in sustaining costs for the industry fall between US$1,100 and US$1,200 an ounce. In other words, margins in the gold sector are incredibly tight for all but the top-tier mines.."
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Link: http://business.financialpost.com/2014/03/06/exactly-how-much-does-it-cost-to-produce-an-ounce-of-gold/
Quelle: bigcharts.com
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