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It very much depends on what type of mining that you are doing...Placer mining is very inexpensive and only requires a few basic tools or a small dredge. Hardrock mining is a different world as the gold is difficult to extract from the host rock.
Other forms of mining,such as heap leaching is a fairly inexpensive mining method but the cleanup costs can be prohibitive.
Again, there is no easy answer to this question. The answer very much depends on the type of mining, the richness of the workings and the mining methods that are being employed to extract the gold.
People get confused by this question. Hypothetically, you could mine gold for essentially nothing with a gold pan. However, when your talking about a companies cost to market, they separate into cash cost and what they call "all in" costs. All in costs include exploration, to mining, to market. The costs are getting more expensive as some companies are going as much as 4klm deep in order to get sufficient quantities. An industry all in average is impossible to get because the numbers are private. North of $500/oz. and some say as much as around $800/oz. This question becomes important when investors are trying to calculate a floor for the spot price. As the above answer implies, it's complicated.
What else can I help you with?
What is the cost of refining 1 oz of gold?
It cost $1,100.00 per troy ounce to mine, extract and refine one ounce of pure Gold. Walt
Is gold expensive to mine?
mining does not cost money, so no, it does not. But, it can be sold at a high price to the grand exchange The cost of mining gold varies from mine to mine. For example, if the cost to mine it per ounce is $600 per ounce, it is profitable to mine when it trades much above that, but not profitable if it trades at that or at a lower price. At the price increases,it becomes profitable to open or re-open mines that that have a high mining cost-per-ounce.
Why isnt there gold mines in Florida?
Lack of gold deposits that can be mined economically. Even if gold is present, but it will cost $2000 per ounce to mine- when gold is selling for $1000 an ounce, it does not get mined.
How much does a ounce of gold cost?
A ounce of gold costs 500dollars
Why is silver mining costs 5.25 dollar per ounce and the market price 27 dollars?
Because the mining cost is not $5 an ounce. Silver is not profitable to mine by itself. It comes up as a secondary product of existing mines for other metals. To mine for silver alone would cost around $50-$100 an ounce. It is only ten times more plentiful than gold. Does it really make sense to you that gold would cost $500-$900 an ounce to mine and silver only $5? The reason we are running out is because all we get is table scraps from mines for other things.
What would 7.1 grams of gold cost?
7.1 grams of gold is about 1/4 ounce of gold, the purity defines the cost per ounce divided by 4.
How much does gold cost now?
One ounce of gold is about 1,100.
What does dollar per fine ounce mean?
it is the market-cost of gold and, as far as i know, it means the cost of gold when it makes up 99.5% of a troy ounce. gold generally occurs, after refinement, at a purity of 99.5% within every (troy) ounce of "gold", i.e. 0.5% of the troy ounce constitutes impurities.
What was the cost of gold in 1849?
In 1849, one troy ounce of gold was worth $20. A $20 coin contained .9675 ounce of pure gold.
How much did gold cost when the gold rush started?
10 pounds an ounce
How much does gold cost per ounce?
You can get current and historical prices of precious metals at kitco.com. Right now gold is at $1379/ounce
What are some examples of intangible cost?
Costs which can not attributed with a usual financial analysis. For example if we talk about a gold mine project, the possible cost of law suits with local people around the gold mine due to the pollution of the gold mine is an intangible cost regarding the evaluation of the project.
