Mining News

What is the cost of mining gold?

Posted by Alana Wilson on 7/3/2013 1:46:03 PM

The falling price of gold has attracted attention from investors and analysts alike. An article in yesterday’s Globe and Mail reports that the price of gold has declined by 37% from its highs in 2011 and Peter Ward, an equity analyst at Jefferies, suspects that it could fall below the cost of production for mining firms. In addition, well- known forecaster and economics professor at New York University Nouriel Roubini, ‘recently said that gold was headed to $1,000 (U.S.) an ounce by 2015’. The infographic below by Visual Capitalists analyzes the costs of gold mining for the world’s top 50 producing mines and looks at where the next big projects could be located.

visualcapitalist_what_is_the_cost_of_mining_gold




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