cost of mining ounce of platinum

Platinum Production Cost - How High is too High ...

The cost of producing the metal has surged in the last five years, fueled by wage increases exceeding inflation and a jump in electricity prices. The amount of platinum …

Platinum Mining and Refining | Education

The global gold cost curve is not far below current gold prices. Note how today's prices (red dotted line) are not much above production costs for a majority of mines. The average mine pays $1,083 to pump out an ounce of gold, leaving a couple hundred dollars of profit at current rates. That equates to under a 20% profit margin.

Today's Gold prices are not much above production costs ...

Oct 25, 2017· South African PGM producers extract a mix of metals comprising roughly 60% platinum, 30% palladium and 10% rhodium. Ruthenium prices have also been moving with the metal trading at $100 this week ...

Mining Costs Are Up for Platinum - Barron's

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.

Palladium Production Cost - How High is too High ...

Overview of Mining Costs 24 August 2012 30 Broad Street, 37 th Floor New York, NY 10004 ... like platinum, depth of mining is rising as ... Reduced Production Raises Cash Costs There is an inverse relation between the level of production and the per ounce cash cost. Higher production helps reduce the fixed cost components. Lower production can ...

Platinum Price Jumps as Nymex Bears Wake Up to Mining ...

May 23, 2017· These numbers report that the cost of extracting an ounce of gold is actually over $1,000 per ounce, well above the aforementioned numbers. And since gold is currently trading at just over $1,200 per ounce, it explains why mining companies have had less-than-stellar profits. Determining the costs of mining largely depend on the region as well.

Platinum PRICE Today | Platinum Spot Price Chart | Live ...

This is why we have different notions of palladium 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 ...

The true cost of producing an ounce of gold | Provident

Sep 19, 2014· How much does it really cost to mine an ounce of gold? David Milstead Institutional Investment Reporter. Special to The Globe and Mail . Published September 19, 2014 Updated May 12, 2018 .

How much does it really cost to mine an ounce of gold ...

Feb 21, 2019· Platinum prices have really declined, especially in comparison to gold and palladium. ... which means that a troy ounce of platinum is worth 61% of one ounce of gold. ... which means that there ...

Live Platinum Price Charts | Platinum Price Per Ounce | APMEX®

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 unprofitable right now.

What Is The Current Cost To Produce An Ounce Of Silver ...

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 …

Platinum Price Today | Price of Platinum Per Ounce | 24 ...

Apr 14, 2020· This statistic shows the monthly average price for an ounce of fine gold in London (morning fixing) from March 2019 to March 2020. As of March 2020, an ounce of gold cost 1,593.76 U.S. dollars ...

Overview of Mining Costs - Gold Convention

Mar 17, 2017· The problem is simple: Lonmin's costs exceed revenue. Each ounce of platinum-group metal costs 12,296 rand ($965) to produce, compared with a sale price of 10,372 rand per ounce in the three ...

Where is Platinum Mined? | Platinum Value and Value of ...

Nov 29, 2011· I'm interested in the difficulty (cost) it is to mine Rhodium, Platinum, Palladium, Gold, and silver. I know there isn't some magic dollar number. What I'm wondering is if it cost "x" amount to complete the whole mining process to bring these metals to purity than how low can each (or answer any you might be knowlegeable on) metal go.

Monthly gold price London morning fixing 2019-2020 | Statista

Jul 05, 2017· Platinum is the worst-performing precious metal in the complex and has been down four of the last five years.At current prices, mine production is unsustainable and as we approach platinum's cash cost

Is It Time To Buy Platinum? | Seeking Alpha

Where is Platinum Mined? Platinum is a Silver-white Precious Metal that is rarer than Gold. The Platinum bullion value is high because of its scarcity and its use in industrial applications. Platinum is mined very few places around the world. With mining regulations crippling some parts of the world, Platinum mining remains strong in others.

Why is silver mining costs 5.25 dollar per ounce and the ...

Dec 06, 2012· Platinum mining costs are likely to drive the long-term price moderately higher 6 Dec 2012 by Jim Fickett. For a significant fraction of platinum mines, market prices below $1500/oz fail to cover cash costs, and below $1700/oz fail to cover cash costs plus capex.

The Politics of Platinum - Bloomberg

Interactive chart comparing daily gold and platinum prices over the last 10 years. Both gold and platinum are shown in U.S. dollars per troy ounce. Backlinks from other sites are the lifeblood of our site and our primary source of new traffic. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow ...

Platinum versus Gold: Both precious metals but which is ...

Individuals, businesses, and governments continue to clamor for more gold. Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all-in cost for mining a single ounce of gold. Cost Reporting Debate—Does It Really Cost $1,200 to Mine One Ounce?

Platinum Price Per Ounce | Platinum Spot Price Today

Platinum prices are typically quoted in U.S. dollars (USD) per troy ounce. As with most commodities, platinum is usually quoted in USD, but prices may be converted to any local currency. For example, if one is located in the UK, they could simply take a current price of $1480 USD per ounce and convert that $1480 USD to British Pound Sterling ...

Platinum Price Charts | Live Platinum Coin & Bullion Values

Gold prices holding above $1,750 following mixed U.S. durable goods report April 24, 2020; Base metals drop on demand concerns, coronavirus drug trial April 24, 2020; Secular Gold Bull Resumes with Force April 24, 2020 'Hold physical gold' not 'synthetic exposures' as prices to challenge all-time highs of $1,920 — UBP April 23, 2020

Why Platinum Is Not An Obvious Long Even Though It Looks ...

Jun 25, 2019· In 2018, the cost of producing platinum in South Africa reached 985 U.S. dollars per equivalent ounce. Platinum is a precious metal commonly used as a catalyst, in jewelry, automobile exhaust ...

Gold miners sustaining costs up 22% since the gold price ...

Learn all about platinum as a precious metal, and the centuries long processes of mining and refining that have made it so integral to many parts of the world. Enjoy a detailed discussion on the history of platinum mining and refining, including facts, figures, pictures and …

Platinum Prices vs Gold Prices | MacroTrends

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 producer nation, Impala will quit 5 of its 11 current mines over the …

Rhodium price roars to six-year high - MINING.COM

Platinum Spot Price and the Price of Platinum per Ounce. The tools and platinum price charts on this page are designed to allow you to determine the platinum price at a glance. You can find 24-hour price trends, as well as an interactive price chart that will allow you to view platinum prices in the past.

The Cost Of Producing An Ounce Of Gold | American Bullion

Nov 05, 2011· The stars are aligning for platinum to shine. The cost of mining the metal is threatening to eclipse current prices, leaving platinum no place to go but up. ... to settle at $1,756.10 a troy ounce ...