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What is the average cost of mining per ounce?

April 26, 2017average COST mining ounce

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What is the average cost of mining per ounce?

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The average cost of replacing and producing an ounce of gold rose to $428/oz in 2005, a ten-year high, according to Metals Economics Group, based on a study of 18 major gold producing companies. However, costs vary widely between companies and the mines themselves.