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Precious Metals & Values
March 13, 2007

Is the cost of mining gold increasing?

Price Value

"Gold traded at $650.10 a troy ounce, helped by strength in the oil market. South Africa’s gold output fell by 8.9 per cent year-on-year in January, continuing its weak run. Last year, South Africa’s gold output sank to its lowest level since 1922 as the average grade of ore mined continued to decline. The industry is being forced to mine at ever greater depths and higher temperatures as established resources become exhausted."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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