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Study shows actual gold cash costs are 50% more than what is reported

Frik Els | January 21, 2013 | 1:58 am Precious Metals Africa Asia Canada Europe Latin America Gold 

The Australian (paywall) reports the actual cost of mining gold is over 50% higher than the cash costs gold producers disclose in financial statements. Analyst Stephen Thomas of Bell Potter, an Australian brokerage, found that "the average total production cost...

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