Gold Production Costs

International Mining & Minerals Association
,
8 May 2010

The latest Gold Mine Cost Report analyses production costs at 232 gold mines which produced a total of 11.6Moz. The average cash cost for the three months to end-December 2009 was US$516/oz (the average mine producing 49,963oz), with a median cash cost of US$495/oz (the median mine produced just 32,000oz). The gold-producing companies should not be too concerned as the average gold price during this period was US$1,100/oz, with the differential increasing to US$584/oz, compared with US$453/oz in the previous quarter. To obtain the full report, contact: info@virtualmetals.co.uk.