What does it cost to produce an ounce of gold?
By: Liezel Hill – Mining Weekly There are several ways for gold mining companies to measure operating margins, with the ‘total cash cost’ generally accepted as a standard metric. However, analysts at RBC Capital Markets have taken things a step further, and compared bullion producers on the basis of the “all in” cost per ounce, which includes general and administrative costs (G&A) and exploration expenses, as well as the sustaining capital needed each year for the upkeep of plant and equipment and existing mine development.
