Sep 19, 2014· A scan of major gold producers' earnings suggests the cost of mining gold has risen dramatically over the past few years. Part of that is a true increase, owing …

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We conclude that Cipher’s calculation of Total Cost/oz Au-eq is a more accurate measure of the real cost of mining gold and is a better way to evaluate gold mining companies for investment purposes. Classification of costs in mining is challenging due to the nature of operations.

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