Average Industry Cost of Extractng An Ounce of Gold is $1,400

TYHEE GOLD CORP

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Average Industry Cost of Extractng An Ounce of Gold is $1,400

posted on Aug 19, 2012 08:16AM

$1,400 is an "all-in" cost which includes capx expenditures- says Nick Holland, Gold Fields CEO.

Sees $1,500 as gold floor price. Streesed prices below that.

Looking into M&A opportunities and mine outside of South Africa.

http://www.abndigital.com/page/multimedia/video/open-exchange/1268186-Gold-Fields-Q1-Results-with-CEO-Nick-Holland

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