Sentences with phrase «half ounce of gold»

By 2009, the company was processing up to 4,000 fine ounces of gold per week.

«One friendly but sharp - eyed commentator on Berkshire has pointed out that our book value at the end of 1964 would have bought about one - half ounce of gold and, 15 years later, after we have plowed back all earnings along with much blood, sweat and tears, the book value produced will buy about the same half ounce.

The company is forecasting 85,000 to 95,000 ounces of gold production in FY 17 from Karouni having overcome a few technical issues in the first half.

In March the company announced an updated resource estimate of 10.46 million tonnes at 1.6 grams per tonne for 529,000 ounces of gold.

Bitcoin has been on another tear of late, nudging a record of $ 1,300 per unit — more than an ounce of gold.

Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

In June, the company announced the startup of the Efemcukuru Gold Mine in Turkey, which is expected to produce 120,000 ounces of gold per year when it hits full production.

Using this framework, Rickards proposes a scenario in which the world shifts partially back to the gold standard, with an ounce of gold being valued at $ 10,000 per ounce.

For instance, when the silver - to - gold ratio hits 80 - which means that it takes 80 ounces of silver to buy one ounce of gold - silver prices usually climb.

At 0.52 (meaning one ounce of palladium is worth 0.52 ounces of gold), it's about 15 percent below its long - term average.

The Perth based company has locked down an option to purchase a mothballed, fully permitted gold mine that has historically produced around 250,000 ounces of gold at an amazing average grade of around an ounce to the tonne.

PERTH - BASED gold miner Hill 50 Gold NL produced 45,277 ounces of gold for the June quarter from its operations in the Mt Magnet area of the Murchison goldfields in WA.

, topping $ 1,250 and surpassing the price of an ounce of gold — though it's worth noting that it dropped dramatically in the days that followed (but we'll get back to that).

«I remember I wanted just to buy an ounce of gold... and I very consciously took cash to pay for this thing.

A preliminary feasibility study of the KSM project conducted in November 2016 showed that the site contained 39 million ounces of gold and 10 billion pounds of copper, with a mine life of more than 50 years.

The company currently produces about 5 million ounces of gold per year across its many operations around the world.

An ounce of gold is the same now as it was 5,000 years ago.

Gold miners have experienced increased labor costs and taxes, resulting in a higher replacement cost per ounce of gold.

For the first time, yesterday, March 2, the price of 1 Bitcoin surpassed the trading value of an ounce of gold, with Bitcoin valued at $ 1,265 and an ounce of gold at $ 1,237.

This coin is minted from 91.7 % pure gold alloy and contains one troy ounce of gold.

On a large scale, these companies are pursuing what many people have been doing with computers in their basements for years: mining for a digital asset that is now trading at around 13 times the price of an ounce of gold.

And so for example, if you and I were standing in a vault and I gave you one ounce of gold there's no way anyone could argue that I still possess the ounce of gold because I physically don't have it.

The dividend was based on the average realized gold price and the number of ounces of gold sold by Eldorado in the preceding two quarters.

It recently boasted an average cash cost per ounce of gold of $ 393 — far below prevailing prices.

To date Amarillo has tested 5 of the 19 known old workings at Lavras do Sul and 4 of these have returned significant gold values, including the Butia prospect 215,000 ounces of gold Indicated from 6.4 MT at 1.05 g / t Au, and 308,000 ounces of gold Inferred from 12.9 MT at 0.74 g / t Au using a 0.30 g / t cut - off grade.

We have a simple, sustainable dividend formula based on the average realized gold price and the number of ounces of gold sold.

When the ratio is at 1, one ounce of gold could be exchanged for one unit of the benchmark S&P 500 Index.

The current all - in sustaining cost to produce one ounce of gold is hovering between $ 1,000 and $ 1,200.

The Filo del Sol project that straddles the border between Argentina and Chile has a potential resource of billions of pounds of copper, and millions of ounces of gold.

Each ounce of gold will cost $ 400 for Silver Wheaton.

An ounce of gold for August delivery was trading at $ 1,358.70, while the most commonly used exchange - traded fund that tracks the price of gold, the SPDR Gold Trust (ETF)(NYSE: GLD...

The Company's prime asset is the Mara Rosa Gold Project (100 % owned) in central Brazil, which contains resources of 1,250,000 ounces of gold in 25MT at 1.56 g / t Au Measured and Indicated and 300,000 ounce of gold in 8.4 MT at 1.26 g / t Au Inferred *.

The project contains a total measured plus indicated mineralized inventory of 1.7 million ounces of gold and 4.9 million ounces of silver.

«Mining is difficult and I think everyone underestimates the true economic costs of extracting a unit of whatever it is, in this case an ounce of gold, and replacing it with an ounce you can take out of the ground next year.

Figure 1 — Barrels of WTIC that can be purchased with an ounce of gold (1865 - present); Source: Deutsche Bank

Newcrest expects Lihir to produce between 900,000 and 940,000 ounces of gold in fiscal 2018, and to achieve that goal it will need to save its best performance of the year for the three months to June 30.

The 235,626 ounces of gold produced at Lihir during the quarter was better than six of the past nine quarters, and suggests the mine is still capable of becoming the million ounce per year gold mine that it was always supposed to be.

Comprising 70 kilometers of contiguous claims in a core district for Goldcorp, the highly - prospective Borden Gold project currently has reported underground constrained indicated resources of 1.6 million ounces of gold (9.3 Mt @ 5.39 g / t) and inferred resources of 0.4 million ounces of gold (3Mt @ 4.37 g / t) at a 2.5 g / t gold cut - off grade.

An ounce of gold currently buys...

The project was previously mined in the late 1980s, and produced 34,000 ounces of gold, averaging 1.8 g / t gold via heap leach recovery methods.

In the early 1990's, approximately 250,000 ounces of gold were discovered which has now significantly increased to over 31 million ounces of gold in just over two decades, in large part to David Jones» exploration model.

He started his career with Gold Fields at the St Helena Gold Mine as a graduate trainee and progressed via various operational roles from being an underground shift boss to become Vice President and Head of Operations at Kloof Gold Mine in January 1999 at which time Kloof produced over 1,000,000 ounces of gold per annum.

Sabina holds a 100 % interest in the Back River Gold Project, which has the potential to produce 200,000 ounces of gold annually for 11 years, according to the results of a feasibility study that was released in September, 2015.

Based on their work, an ounce of gold buys you more barrels of oil than anytime since 1892.

But the $ 12,480 will now buy 355 less barrels of oil (down 77 %), 27 less ounces of gold (down 66 %) and, despite a massive fall in house prices of 15.8 %, only some 6 percent of an average family home (down 33 %).

The Company is developing the NICO cobalt - gold - bismuth - copper project, comprised of a proposed mine and mill in Canada's Northwest Territories & refinery in Saskatchewan, to become a vertically integrated producer of cobalt chemicals for the lithium - ion battery industry with over a million ounces of gold and 12 % of global bismuth reserves as by - products.

Dynacor Gold Mines Inc. [DNG - TSX; DNGDF - OTC] says it produced 6,636 ounces of gold during the month of February 2018 at its Veta Dorada processing plant in Peru, surpassing the previous... Read more»

When Nixon went off the gold standard in 1971, an ounce of gold would have cost $ 35 USD, nine years later gold printed its bull market high of $ 850 USD / oz, though the average price of $ 459 / oz from 1979 would be a better gauge of how high gold went during the bull market of the 1970's.

When Barrick Gold was founded in 1983 the company's portfolio consisted of a single mine that produced 3,000 ounces of gold in its first year of operations.

Every 100 OZcoinGold coins will be backed by 1/3 of an ounce of gold bullion stored in Australia's Perth mint and 2/3 of an ounce of secured gold reserves.