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Teck cashes in on Chile’s copper

For centuries, pilgrims have thronged to the Chilean mountain town of Andacollo – to worship at the historic church and to mine the dusty hills for copper. Now a new wave of pilgrims is worshipping at the altar of Andacollo – Canadians, in the form of Teck Resources Ltd., which that has spent more than US$ 440 million expanding an open-pit copper project on the edge of town.
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How much does it really cost to mine an ounce of gold?

A scan of major gold producers’ earnings suggests the cost of mining gold has risen dramatically over the past few years.