Mining Costs of Bullion Metals

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

Mining Costs of Bullion Metals

Postby Robarons » Wed Jun 19, 2013 11:59 am

I have been trying to compile the costs of mining companies full cost of mining silver, gold and platinum.

This is what I have found:
Silver $22-23 Range
Gold $1184
Platinum ????

Does anyone know or know where to find the average cost mining companies must pay to get an ounce of platinum of the ground?
Also any more information regarding the costs to mine an ounce of silver and gold would be helpful.

For example some sources say silver costs are $0 or very low like $7/oz because its a by-product of copper mining, etc. However one source says $22 is an average cost across all mines.
Robarons
Post Hoarder
 
Posts: 2205
Joined: Tue Sep 18, 2007 3:00 pm

Re: Mining Costs of Bullion Metals

Postby InfleXion » Wed Jun 19, 2013 2:53 pm

There is some detailed analysis for silver's cost of production on SeekingAlpha.com about cost of production. Some of these may be redundant.
http://seekingalpha.com/article/1418171 ... ustry-list
http://seekingalpha.com/article/1473061 ... er-edition
http://seekingalpha.com/article/1496552 ... ver-prices
http://seekingalpha.com/article/1507512 ... oogle_news

The CEO of SLW has said $20/oz is their cost of production for silver.

I also read an article on Mineweb today that said Platinum at $1500/USD will put 24,000 mining jobs "at risk" (note, they are not saying these jobs will have to go) in 2014 and if projected out to 2015 the number of projected jobs at risk rises to 121,500. This says to me that Platinum at $1500 is below cost of production, or at the very least not profitable enough in the current environment.
http://www.mineweb.com/mineweb/content/ ... &sn=Detail
Silver: the Rodney Dangerfield of precious metals.

If it's printed on a piece of paper it's worth the paper it's printed on.
If it's a digital asset it's worth the electrons in cyberspace.
User avatar
InfleXion
Penny Hoarding Member
 
Posts: 575
Joined: Wed Jun 20, 2012 12:32 am
Location: Puget Sound


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 4 guests

cron