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Sunday, December 23, 2012 1:26:13 AM
According to the World Gold Council, the average cost of mining gold is about $240 per oz. These costs will vary depending on the location of the gold and the methods needed to extract it.
In Mexico it was determined to he around $330
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The all in cost is between $800 and $900 for a Tier 1 mining company - heck if SRGE were a real mining company they would lose money mining.
IG
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