Gold's Cost of Production Analysis | Bunker Blog
In 2000 the average output for gold was 19 g/t and in 2020 it was g/t. One needs mine 3 to 4 times more mineral in order to extract the same quantity of gold today as compared to 20 years ago. 3. The Marginal Cost of Production of Gold is 1855 /Toz. The real cost of production of gold is the cost of production of the most expensive mines.