Cost Of Mining Ounce Of Platinum

OK, so how can we use the data about the platinum production costs in investing? The all-in sustaining costs are about $1,110, while the platinum price is about $754 per ounce (as of September 2018). It means that it is importantly below the production costs. It implies that platinum mining is …

Mining costs of Agnico-Eagle Mines per ounce of gold 2008-2019 Platinum jewelry import value to Japan 2015, by region Platinum jewelry import volume to Japan 2015, by region

09-04-2014· The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030.

Even though mining efforts are much more sophisticated than they used to be, finding new sources of gold—and cost-effectively mining them—grows more challenging each year. Although the information in this commentary has been obtained from sources believed to be reliable, American Bullion does not guarantee its accuracy and such information may be incomplete or condensed.

What’s more is that platinum costs far more to produce than gold. In 2014, the cash cost of producing platinum was $1,209 / troy ounce. That is about 20% above the current price! This implies that platinum mining production might continue its decline in coming years as producers run into financial trouble.

PLATINUM PRICES jumped in London trade Thursday afternoon, adding 2.5% inside two hours after South African miner Impala (JSE:IMP) announced steep output and job cuts in a bid to reduce costs and return to profitable production of the beaten-down precious metal. The No.2 platinum miner in the No.1 producer nation, Impala will quit 5 of its 11 current mines over the next two years – ceasing ...

Platinum mining costs are likely to drive the long-term price moderately higher. 6 Dec 2012 by Jim Fickett. ... Global extraction costs are now about $1,430 an ounce, according to Thorsten Proettel, an analyst at Landesbank Baden Wuerttemberg in Stuttgart, Germany.

20-08-2017· Cash costs for global gold mining average around $600 per ounce That means the majority of operating mines are doing fine at today’s gold prices. The reason we’re not hearing about gold mines being shuttered, the way we were in base metals the last few years (prior to the recent surge in prices for those metals).

Platinum market to see supply deficit of 336K ounces in 2020 - WPIC Mining.com 09/08/20 Platinum has good lockdown with supply deficit set to widen in 2020, says WPIC

26-03-2018· Spot platinum traded at $949.18 per ounce at 8:21 a.m. in London. “This is bad news for the platinum miners,” Georgette Boele, a commodity and currency strategist at the bank said by email.

How Much Does It Cost Of Processing Mining. This is why we have different notions of platinum production costs.Traditionally, the industry used cash cost, which focused only on the mining and processing costs incurred.But in 2013, the wgc published a guidance note on all-in sustaining costs and all-in costs metrics.The former concept is an extension of the existing cash cost.

PLATINUM PRICES jumped in London trade Thursday afternoon, adding 2.5% inside two hours after South African miner Impala (JSE:IMP) announced steep output and job cuts in a bid to reduce costs and return to profitable production of the beaten-down precious metal. The No.2 platinum miner in the No.1 producer nation, Impala will quit 5 of its 11 current mines over the next two years – ceasing ...

Platinum market to see supply deficit of 336K ounces in 2020 - WPIC Mining.com 09/08/20 Platinum has good lockdown with supply deficit set to widen in 2020, says WPIC

2019 South African Platinum Industry Cost Curve by Mine (All-in Sustainable Costs per Milled t) The figure below illustrates a year-on-year comparison of the South African platinum industry all-in sustainable cost per platinum equivalent ounce at a mine level in dollar terms. Most mines have had decreased apparent

But large, low-cost producers, like Impala Platinum Holdings (IMPUY), also will be pressured. The world's second-largest platinum-mining company said its output will decline to 1.7 million ounces ...

The average global all-in cost of production (including capital expenditures and indirect overhead costs) is already at about $1,595 per ounce of platinum – 10% above the current market price.

The platinum spot price is simply the cost of one troy ounce of platinum at that specific moment in time. Spot prices change quickly, and you may find that the price of platinum can rise or drop within minutes. We ensure that our platinum prices are always accurate and updated constantly. What currency is platinum traded in?

And that’s not the only cost saving — with Pallinghurst also saying the capital costs of the Kell processing units are one-tenth that of a normal platinum smelter/refinery. If those claims are true — which the roll-out at the Sedibelo mine will soon demonstrate — it would absolutely crush the cost curve for South African and global platinum production.

Platinum is among the world’s rarest and most valuable metals, prized for its strength and its contribution to cleaner air, cancer care and electronics. Almost three-quarters of world production ...

Entering the new year, the world’s top silver companies averaged $10.56 in production costs per ounce of silver. But that could change. According to the Silver Institute, global silver production declined in 2016 and should again in 2017.For years now, investment experts and silver bugs warned the public that silver costs too much to mine and that the lack of mining profitability would mean ...

The average global all-in cost of production (including capital expenditures and indirect overhead costs) is already at about $1,595 per ounce of platinum – 10% above the current market price.

Mining costs were grossly underestimated up through the 1990s. Companies would report “cash costs” on their financial statements, which measure the costs specifically tied to extracting gold from the ground. These costs ran from $500 to $800 per ounce, depending on the location of the mine.

24-07-2020· Since 1987, platinum has usually traded at a higher price than gold until September 2008.   As of July 20, 2020, gold was trading at $1,851 an ounce compared with $957.40 an ounce for platinum…

The platinum spot price is simply the cost of one troy ounce of platinum at that specific moment in time. Spot prices change quickly, and you may find that the price of platinum can rise or drop within minutes. We ensure that our platinum prices are always accurate and updated constantly. What currency is platinum traded in?

Platinum supplies are highly dependent on mining operations out of a single country, South Africa. In fact, it provides more than 70% of world platinum supply. However, the South African mining industry is contracting due to adverse market conditions, labor difficulties, infrastructure deterioration, and …

Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. Platinum Prices Updated Every Minute.

28-06-2013· They also included the cost of mining an ounce of gold at each of their sites. As you can see below, the cost of mining an ounce of gold for Barrick ranges from $333 to $3,764 per ounce.

Alamos Gold (NYSE:AGI) leads off the list and wins the 2012 crown with a terrific cost structure of $1057 per ounce of gold. This company is a hidden gem in the gold mining industry that most ...

Platinum is among the world’s rarest and most valuable metals, prized for its strength and its contribution to cleaner air, cancer care and electronics. Almost three-quarters of world production ...

Environmental Costs of Mining. While the cost of mining is easily and conveniently packaged into a cover-all $1,100/ounce figure, the devastating toll it has on the environment can often be ...