Thursday, June 26, 2025 10:30:49 AM
Mate you can double all those prices once we get a BFS
Here is my proof
Newmont makes a substantial profit on each ounce of gold, with margins varying based on costs and gold prices, but generally exceeding $1,000 per ounce. For example, in a recent period, they sold gold at an average of $2,408 per ounce while their costs were $1,126 per ounce, resulting in a gross margin of over $1,280 per ounce. Other reports suggest that at current gold prices (around $2,700/oz), they could be making approximately $1,000/oz in pre-tax profit
Profitability:
The difference between the selling price and the cost of production determines Newmont's profitability per ounce. In a recent period, Newmont sold gold at an average price of $2,408/oz with costs of $1,126/oz, resulting in a gross margin of over $1,280/oz, according to Substack.
Where is your proof
You can convince anyone here to sell you like, but forget me, you come to a fight with a knife and I have a gun ready for you.
Here is my proof
Newmont makes a substantial profit on each ounce of gold, with margins varying based on costs and gold prices, but generally exceeding $1,000 per ounce. For example, in a recent period, they sold gold at an average of $2,408 per ounce while their costs were $1,126 per ounce, resulting in a gross margin of over $1,280 per ounce. Other reports suggest that at current gold prices (around $2,700/oz), they could be making approximately $1,000/oz in pre-tax profit
Profitability:
The difference between the selling price and the cost of production determines Newmont's profitability per ounce. In a recent period, Newmont sold gold at an average price of $2,408/oz with costs of $1,126/oz, resulting in a gross margin of over $1,280/oz, according to Substack.
Where is your proof
You can convince anyone here to sell you like, but forget me, you come to a fight with a knife and I have a gun ready for you.
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