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An X-ray of Australian gold mining costs

- By: John P Sykes
Posted in: Blog, Book Reviews, Commodities, Mineral Economics, Mining, Publications, Recommended

Bar of gold

This weeks Strictly Boardroom column is co-authored by Sam Ulrich, Principal Consultant Geologist at Ravensgate  Mining Industry Consultants, and now a PhD student at the Centre for Exploration Targeting, The University of Western Australia. Sam will be researching the link between gold mining costs and the geological characteristics of gold deposits. Previous research has highlighted that the link between costs and grade is not as strong as expected, and that other geological factors seem to play a role. Sam is starting his research by collating Australian (and New Zealand) gold mining costs. This week’s column entitled “An X-ray of Australian gold mining costs” presents the 2016 first quarter data and cost curve. In the future we’ll begin looking at the link between costs and grade, and then other geological factors.

For keen readers of the Strictly Boardroom column, our new book is out: “Strictly (Mining) Boardroom: Volume 2 – A Practitioners Guide for Next Generation Directors“. The book compiles around 100 of our favourite articles from the last three years, providing some order and commentary on the running of mining and exploration companies, large and small.