Sentences with phrase «ounce of gold»

So if you bought a gold futures contract, you'd be agreeing to buy a certain number of ounces of gold from the futures seller on a date in the future.

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

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

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

There were about 80 million ounces of gold mined on the entire planet last year.

The deposit could hold as much as 1.7 million additional ounces of gold.

But $ 10,000 as the price of a single ounce of gold?

Currently, the closest that a trader can get to creating a «dollar neutral» spread position in the futures market is to trade 100 ounces of gold against 7,000 ounces of silver.

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

Since its inception, bitcoin's value has grown substantially and even surpassed the value of a troy ounce of gold in early 2017.

Relative to the price per share of a couple of large producers of mainly gold — Barrick (ABX - T) and Goldcorp (G - T)-- one ounce of gold at about $ 1750 is worth about 35 shares of either miner.

Doray Minerals produced about 21,507 ounces of gold from its Andy Well mine north of Meekatharra in the December quarter.

«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.

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.

Hence, the value of GOLD is also based on the rate of the London bullion market, as one GOLD token equates to one ounce of gold on stock exchanges plus a five percent commission fee.

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.

Revenue was US$ 2.51 billion, down from US$ 2.94 billion as the company sold fewer ounces of gold — 1.57 million versus 1.83 million — at an average realized price of US$ 1,204 per ounce compared with $ 1,272 in the 2013 fourth quarter.

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 %).

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»

The Guiana Shield is the geographic gold - hosting region with over 100 million ounces of gold inventory.

The life - of - mine operating cash cost, plus sustaining cost is estimated at US$ 714 per ounce of gold recovered.

He said the company is focused on Nevada, where its Cortez and Goldstrike properties produced 2.3 million ounces of gold last year — about half of its production.

There's a ridiculously small amount of gold in the best ore, so it's measured in tonnes of ore to produce a given ounce of gold.

I mean, how else would you describe «the potential for 15 — 20 + million ounces of gold within the 30 mile gold trend covered by the Company's licences»?!

When Bitcoin matched the price of one troy ounce of gold Thursday, the internet was awash with declarations of a decisive moment in financial history.

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.

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.

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.

Questrade, on behalf of the Royal Canadian Mint, charges storage fees of about $ 0.10 per ounce of gold per month.

The 1 oz Australian Gold Kangaroo also comes minted in fractional troy ounce amounts of 1/2, 1/4, 1 / 10th, and 1 / 20th troy ounce of gold.

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, fifteen 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.

A Phase 2 Life - of - Mine Expansion Pre-Feasibility Study sees production ramping up to 200,000 ounces of gold annually, while maintaining an industry lowest quartile all - in sustaining cash cost of CAD$ 692 an ounce or US$ 555 an ounce.

The fundraising will allow Patagonia Gold to accelerate the development of the Cap - Oeste heap leach project which on completion will expand annual production to approximately 83,000 ounces of gold equivalent.

Therefore, one digital GOLD asset costs the same as one ounce of gold on the Chicago Mercantile Exchange (CME).

Newmont expects to produce between 4.9 and 5.4 million ounces of gold this year.

Back in Roman times, an ounce of gold bought 300 loaves of bread, roughly the same as it does now.

For years, the industry used a «cash cost per ounce» number, which tabulated the cost to produce an ounce of gold at a particular mine.

West Perth - based miner Metals X has completed a $ 40.4 million pre-pay arrangement with Citibank for the production of over 30,000 ounces of gold.

Cash from the acquisition will allow SMC to fund further operational and business development, including additional capital expenditure at Hadleigh Castle mine, which contains an indicated and inferred resource of 240,000 ounces of gold and satellite deposits containing 30,700 oz of gold.

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.