The gold price is about the same $2650 AUD per ounce it was six month ago. Interestingly the AUD/USD exchange rate has moved from 0.55 to 0.73. Gold would be like $3500 AUD an ounce if the exchange rate was still 0.55.. There were dips around March but the gold price in USD has gone up from about USD$1675 to USD$1925 in the last 6 months.
Cost to extract gold varies from mine to mine but assuming USD $1000 cost to extract the gold per ounce the margins are great at the moment.
Ann: Mines & Money Online Connect Conference Presentation, page-38
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