Well higher the production cost, higher the gold price will bcm... I remember when gold price hit $1000oz, at that time that was amazing as production costs were much lower... but now average cost of production is well over $1000oz in the gold sector.. So higher the production costs the higher gold price will bcm.. Oneday average production costs in the sector will bcm $2000oz... gold will be $2800oz etc otherwise wont be sustainable to mine... Back in the day, everything was cheaper from labour to materials.. mining grades were much better and at shallower depths.. but thats all changed over time, so eventually gold price will rise like always...
Well higher the production cost, higher the gold price will...
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