cost of production

  1. 275 Posts.
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    Holly cow cost per ounce to mine

    Kalgoorlie - 1330
    Higginsville - 1240
    Turkey - 425

    Sell price of gold is what 1380 right now? Australia is just not profitable to mine due to such high cost. Many projects will just not proceed now. So much of our populstion is employed/dependent on mining not just gold.

    Jobs will be cut. Unemployment will rise. People will default on their mortgages. Banks will be next to suffer by the end of the year.

    Phewwwewwewwwwewwww...... It's the end of he world! Well aus economy.
 
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