The Real Cost of Mining Gold | Kitco Commentary
04/02/2015#0183;#32;It factors in basic mining, processing, transport and refining costs but ignores sustaining capital, general and administrative (Gamp;A) expenses, and other associated costs. Cash cost gives little insight into the actual allin cost of a company producing an ounce of gold. It also excludes the noncash depreciation expense reported in GAAP financial statements, which is a measure of