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How to profit from low-grade gold mines
Jack Graham | December 23, 2018 | 3:39 pm IntelligencePrecious MetalsAfricaAustraliaLatin AmericaGold
PRODUCTION NUMBERS FROM GOLD MINES ARE MEANINGLESS IFCOSTS AREN’T GIVEN. INVESTORS NEED TO UNDERSTAND SOME OF THE FACTORS THAT GOINTO GOLD MINING COSTS
1.Open pit vs underground
2. Depth of deposit
3.Strip ratio
4.Gold recovery costs:
Alongwith a low strip ratio, the other factors helping control costs are a mine’sclose proximity to labor, suppliers and the airport;
5.Infrastructure: & Labor:
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