Average gold mine cash costs rise 1.8% to $620/oz in Q1 2011
The June 2011 issue of the Gold Mine Cost Report, published by ABN AMRO Bank N.V. and VM Group Haliburton Mineral Services, examines the changes in gold mine production cash costs in Q1 2011. Growth in average gold mining cash costs rose by 1.8% on the quarter, to $620/oz. On a year-on-year basis, the average cash cost for gold mines escalated by 13%, from $551/oz in Q1 10.
