RE:RE:RE:RE:RE:Gold rises as Fed president says inflation risks are high
"In 2012, we produced 2.4 million ounces of gold at a total cash cost of approximately $300 per ounce on a by-product basis."
Hi Dontyaknow. "Total Cash Costs' are deceptive as they only include the cost of production at the minesite, off-site costs, head office costs and sometimes interest. They specifically exclude depreciation, taxes, exploration expenses, and sustaining capital. The ENORMOUS cost of the tram that they are driving through our joint venture ground is NOT included in Goldcorp's 'Total Cash Costs' figures!