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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold company costs could hit $2,000 within 10 years

Posted on 02 May 2013

For the past five years or so, gold company costs have been rising at around 17% per year. And, while they have moderated somewhat of late and could go lower in the short term, the long term trend is definitely up.
This is according to Earth Resource Group, investment advisor, Georges Lequime, who told Mineweb’s Gold Weekly podcast that much of this increase has been driven by falling grades, with the average across the industry now below 1 gram per tonne………………………………………..Full Article: Source


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