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Use In Gold Mining

An easy way to determine the cost structure of a gold mining company is to divide their cash cost per ounce by the current price of gold.If it is near 13, then it is a low-cost producer.Conversely, if it is near 23, then it is a high-cost producer.If we use a gold price of 1,500 for round numbers, then 13 is 500, and 23 is 1,000.

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