The Cost Of Producing An Ounce Of Gold American Bullion
Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all in cost for mining a single ounce of gold. Cost Reporting DebateDoes It Really Cost $1,200 to Mine One Ounce The $1,200 price tag is still questioned by investors and industry insiders. Most of the controversy boils down to how gold mining companies report on their financial statements.