cost Of Mining Ounce Of Platinum

  • Platinum Prices Today Per Ounce 24hr Spot Price Chart

    Apr 09, 2014· 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. If you do the math, then the 10 ounce bar offers a savings of $30 per ounce. Do platinum mining operations affect the price of platinum?Platinum Production Cost How High is too High,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. Obviously, such a situation can’t go on indefinitely.

  • Platinum production costs by world region 2018 Statista

    Apr 30, 2021· , Apr 30, 2021 This statistic displays the average cost of production of platinum worldwide from 2013 to 2018, by selected region. In 2018, the cost of producing platinum in South Africa reached.Platinum Price Per Ounce Platinum Spot Price Today,On that day, the platinum hit a record high price of $2,276.00 oz USD in the AM London Fix. That same morning the US dollar price of platinum was more than 2Xs the fixed price of gold ($981.75 oz USD), more than 4Xs the fixed price of palladium ($588.00 oz USD), and over 100Xs that day’s silver fix price ($20.32 oz USD).

  • Live Platinum Price Charts Platinum Price Per Ounce

    Feb 21, 2021· Platinum Spot Prices Platinum Price Spot Change; Platinum Price Per Ounce: $1,024.40: $31.10: Platinum Price Per Gram: $32.94: $1.00: Platinum Price Per Kilo: $32,935.20: $999.89: Live Metal Spot Prices (24 Hours) Last Updated: 8/27/2021 4:59:45 PM ETThe case for investing in platinum MINING.COM,May 29, 2018· Jamie Keech: Right now the platinum price is $927 an ounce. The South African cost of production, the average price of cash cost is $950 per ton or the all-in sustaining costs are $1,100 per ounce..

  • The platinum supply shock MINING.COM

    Jun 05, 2014· 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.Is Gold Pricey Relative To Platinum? CME Group,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. The cash cost of extracting gold, by contrast, is around $700 per ounce, or about 40% below current prices.

  • The true cost of producing an ounce of gold Provident

    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.The Cost Of Producing An Ounce Of Gold American Bullion,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? The $1,200 price tag

  • Platinum Price Today Price of Platinum Per Ounce 24

    Aug 20, 2021· Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. Platinum Prices Updated Every Minute.Platinum PRICE Today Platinum Spot Price Chart Live,Jul 27, 2021· Platinum was once the most expensive of the precious metals traded, maxing out at 1,000 US dollars per troy ounce. That is no longer the case as it has been surpassed by gold.

  • The platinum supply shock MINING.COM

    Jun 05, 2014· 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 September 2018 Platinum Cost Curves Minxcon Group,Jul 03, 2018· The average platinum price for 2018 thus far is USD916/oz, with a low of USD775/oz. Should platinum consolidate below the USD800/oz level, the costs of 60% of South African platinum mines will be above the price line on an operating cash cost basis, and 80% will be above the price line on an all-in sustainable cost basis.

  • Platinum Group Metals News MineralPrices Updates

    Breaking news source for Platinum Group metals along with prices, quotes and research from qualified sources daily including exchanges.Low-cost Pilanesberg breaks even at $650/oz platinum Platmin,Jul 22, 2009· The life-of-mine breakeven cost of platinum miner Platmin's new Pilanesberg platinum operation was from $600/oz to $650/oz at current exchange rates and rand-dollar prices

  • Platinum Price vs Gold Price Ratio 120 Year Chart

    Jul 10, 2019· Platinum Vs. Gold Price Chart (monthly data) As you can see by the chart above, platinum was worth more than gold for the vast majority of the 20th Century. It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971).Platinum Outlook 2021: Strong Price Performance Expected,Jan 14, 2021· After trending higher from the end of October to early January 2021, reaching a four year high, platinum briefly pulled back, dipping to US$1,018 on January 11. Prices

  • The true cost of producing an ounce of gold Provident

    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.Palladium’s rally threatened by automakers’ pivot to platinum,Aug 12, 2021· That saw palladium prices surge past gold and platinum. The metal really took off in 2018, jumping from $834 an ounce in August of that year to above $3,000 in

  • Overview of Mining Costs Gold Convention

    In the case of some metals, like platinum, depth of mining is rising as metal available at shallow levels has for the most part already been extracted. Cash Cost /Ounce Cash Cost /Ounce Annual Average Gold Price in 2011 = $1,569 Gold Mine Cash Costs in 2011 production relatively lessIn an average mine, how much ore must be processed to,The first point to make is that there is no such thing as an “average mine”, they are all unique, such is the nature of the natural world. Nonetheless, this I understand the general thrust of your question. There are two factors that need to be co.

  • Investing in Rhodium, the World's Most Expensive Metal

    May 21, 2010· Rhodium Prices. With such a limited supply, rhodium doesn't come cheap. It is the most expensive of all precious metals, currently trading at $2,725 an ounce. (To give you a better idea of itsThe Cost Of Mining An Ounce Of Gold Yahoo,Jun 28, 2013· As you can see below, the cost of mining an ounce of gold for Barrick ranges from $333 to $3,764 per ounce. gold mining costs. Barrick Gold, Business Insider. More From Business Insider .

  • Platinum Price Today Price of Platinum Per Ounce 24

    Aug 20, 2021· Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. Platinum Prices Updated Every Minute.Platinum Price Today in USD Platinum Spot Price & Chart,Aug 26, 2021· For example: Platinum last traded at $1,000 at 5:00 PM on January 17. If it is January 17 at 6:30 PM and the price is $1,002, we will show a change of +2.00. If it is January 18 at 5:00 PM and platinum is quoted at $1,025 then we would show a change of +25.00 at that time.

  • Platinum Price 2020 [Updated Daily] Metalary

    Aug 28, 2021· Price History of Platinum Platinum bullion. In March of 2016 the price of platinum has hovered around the $1,000 per ounce mark. This metal is one of the most expensive commodities in the market today for two main reasons that involve supply and demand. The supply is always on the low side, as it is very rarely found in the Earth’s crust.Platinum Price of Today & Historical Platinum Prices,Over a period of 32 years, the platinum price per ounce was higher than the gold price 65% of the time. Nevertheless, since 2011 the gold price per ounce has exceeded the platinum price. Although the price of platinum is currently lower than gold, both prices move in the same direction.

  • Overview of Mining Costs Gold Convention

    In the case of some metals, like platinum, depth of mining is rising as metal available at shallow levels has for the most part already been extracted. Cash Cost /Ounce Cash Cost /Ounce Annual Average Gold Price in 2011 = $1,569 Gold Mine Cash Costs in 2011 production relatively lessPlatinum Group Metals: Favorable Mining Costs Ahead (NYSE,Sep 20, 2013· In the report PLG gives an indication of the mining costs of the platinum of the Waterberg project. This leaves a margin of around $500 per ounce which is, especially compared to other mines

  • Platinum Price vs Gold Price Ratio 120 Year Chart

    Jul 10, 2019· Platinum Vs. Gold Price Chart (monthly data) As you can see by the chart above, platinum was worth more than gold for the vast majority of the 20th Century. It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of Platinum Mining and Refining Education,Together these two operations produced 185,000 oz of platinum in 2005. Mining platinum in placer deposits is a relatively simple process. Dredges scoop the platinum-bearing sand or gravel from riverbeds or mining pits. The material is washed until platinum grains or nuggets are

  • Platinum Statistics & Facts Statista

    Sep 22, 2020· For instance, platinum's average value in 2019 was 868 U.S. dollars per troy ounce, while the average price of gold in that year was some 1,393 U.S. dollars per troy ounce.In an average mine, how much ore must be processed to,The first point to make is that there is no such thing as an “average mine”, they are all unique, such is the nature of the natural world. Nonetheless, this I understand the general thrust of your question. There are two factors that need to be co.

  • This Coming Development Could Trash The Platinum Cost Curve

    Apr 04, 2017· That’s a new processing technology unveiled by mining fund Pallinghurst Resources. With the group saying the new tech is almost ready for primetime — and that it will shake the foundations for costs in the platinum sector.. Pallinghurst’s CEO Arné Frandsen announced that a bankable feasibility study has been completed on the “Kell Platinum Beneficiation Technology”.What is the Cost of Mining Gold? Visual Capitalist,May 21, 2013· Thank you for posting this information rich article. I'll be referring to it and your five part series a lot in the coming days and weeks. If I may pose a question, the last time I checked (2011 or 2012 I believe) on the all-in cost to mine an ounce of Gold was between $1215 and $1250 an ounce.

  • Platinum Price in South African Rand South Africa

    The platinum price displayed above is updated every minute. The data is retrieved continuously 24 hours a day, 5 days a week from the main marketplaces (LBMA, NYMEX, GLOBEX, HONG KONG). The "spot" price is the reference price of one troy ounce, the official unit of measurement on What It Really Costs To Mine Gold: The Barrick Gold,Feb 26, 2013· The first thing that stands out is that production costs of gold are rising on a per-ounce basis, even when removing write-downs. In Q4FY11, it cost ABX $1253 to produce an ounce of gold