Gold Mining Industry

Top Gold Miners Production Declined 15% While Costs Escalate

Posted by SRSrocco in Mining, News, Precious Metals, Silver Members on July 30, 2018 — 27 comments

Even though the gold price increased in 2018, the top gold miners production declined while costs continue to escalate. Output at three of the top gold miners in the world fell in the first half of 2018 compared to the same period last year. With rising costs due to higher energy…

NEVER BEFORE SEEN CHARTS: Gold Mining Industry’s Costs Are Higher Than Market Realizes

Posted by SRSrocco in Mining, Precious Metals, Silver Members, Videos on July 18, 2018 — 16 comments

New information suggests that the cost to produce gold is much higher than what the market realizes. As the cost to produce gold has skyrocketed over the past two decades, the mining industry has hidden certain costs by placing them in their capital expenditures. This has lowered their “Cost of…