Gold Drops Below Cash Cost, Approaches Marginal Production Costsby Tyler DurdenZero Hedge Dec. 04, 2013 |
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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... Read More |