$1,700
According to industry experts, the total cost of production varies between $1,000 and $1,200 an ounce depending on the scale of a miner's operations. There's probably a lot more going in the background than we are hearing about. The gold companies are scrambling around, Su said. Gold bars Reuters. If gold dips below $1,200 per ounce for a “sustained” period, serious production cutbacks are likely, World Gold Council representatives warned Monday. The average industry cost of production is $1,200 per ounce, according to the council, which cited recent Thomson Reuters data. About 30 percent of the gold mining industry becomes unprofitable if prices fall below that threshold, the council estimates. Information about the value of platinum, platinum price per ounce and platinum prices in the U.S. and elsewhere is of most interest among those looking to invest in platinum. The average cost to both small and large precious metals companies is $1,104 per ounce of gold. As you might expect, smaller companies have a higher cost per ounce — but not by much. In 2003 gold production costs averaged $164. Andrew Su, CEO at brokerage Compass Global Markets said the average cost of producing gold in Australia, home to some of the world's biggest gold miners, has jumped from $500 an ounce in 2007 to over $1,000 an ounce this year. Production costs of platinum by selected region in 2013 and 2014 (in U.S. dollars per equivalent ounce). This statistic displays the average cost of production of platinum worldwide in 2013 and 2014, by selected region. In 2013, the cost of producing platinum in South Africa reached 1,272 U.S. dollars per equivalent ounce. Exclusive Premium statistic. You need a Premium membership to access this All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
http://www.cnbc.com/id/100851209 http://www.ibtimes.com/gold-prices-below-1200-could-mean-production-cutbacks-world-gold-council-1553008 http://www.hardassetsalliance.com/charts/platinum-price/usd/oz http://www.uncommonwisdomdaily.com/one-thing-you-should-know-about-the-real-price-of-gold-17314 http://www.cnbc.com/id/100851209 http://www.statista.com/statistics/418242/average-costs-of-platinum-production-globally-by-region/ http://www.mining.com/web/the-platinum-supply-shock/
platinum cost of production per ounce