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Jun 30, 2020#0183;#32;At a country level, China was the largest producer in the world in 2019 and accounted for around 11 per cent of total global production. Our interactive gold mining map provides a breakdown of the top gold producing countries in the world, which demonstrates the geographical dispersion of gold mining operations and the gold supply.
Feb 10, 2020#0183;#32;This statistic represents the world mine production of gold from 2010 to 2019, sorted by the major gold producing countries worldwide. In 2019, Ghana''s mines produced some 130 metric tons of gold.
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May 23, 2017#0183;#32;A new metric has since been developed by the World Gold Council to report the allin sustaining costs of mining gold. These numbers report that the cost of extracting an ounce of gold is actually over 1,000 per ounce, well above the aforementioned numbers. And since gold is currently trading at just over 1,200 per ounce, it explains why
The allin sustaining cost (AISC) is the World Gold Councils benchmark indicator that measures production cost plus all other costs related to sustaining current production and capital expenditure (capex). The AISC for GCM members fell by 7% to 1012 per oz in 2017, down from some 1089 in 2016.
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There, allin gold production costs can be more than twice as much as in Peru, which is the least expensive place to mine gold. According to the Thomson Reuters GFMS Gold Mine Economics Service, average allin costs for South Africa were over 1,400 between 2005 and 2013. Compare that to less than 700 in Peru, approximately 850 in the United
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The Mining industry of Ghana accounts for 5% of the country''s GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana''s mining and minerals development industry remains focused on gold. Ghana is Africa''s largest gold producer, producing t in 2008.
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Total Cash Cost 2 (/oz): 907 Allin Sustaining Costs 2 (/oz sold): 1,141 1 Cost of sales, excluding depreciation, as disclosed in note 39 of the Company''s annual consolidated financial statements is on an attributable ounce sold basis (excluding the noncontrolling interests of 10% at Essakane and 5% at Rosebel) and does not include Joint
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