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Visualizing The Cost Of Mining Gold

By Tyler Durden
Created 05/21/2013 - 20:59
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 05/21/2013 20:59 -0500



 

There are over 3 billion ounces of gold in the world's deposits. The Top 50 of these mines alone contain over one-third of the total gold. North America is the 'cheapest' place to produce gold and Africa the most expensive. Gold producer profits are getting squeezed from both directions: lower gold prices and rapidly inflating costs...

 

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Source URL: http://www.zerohedge.com/news/2013-05-21/visualizing-cost-mining-gold

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[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.visualcapitalist.com/what-is-the-cost-of-mining-gold