Gold Drops Below Cash Cost, Approaches Marginal Production Costs

by Tyler Durden
Zero Hedge
Dec. 04, 2013

As we showed back in April, the marginal cost of production of gold (90% percentile) in 2013 was estimated at between $1250 and $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1125...

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