Sentences with phrase «ounces of gold per»

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.

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

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.

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

Not exact matches

Spot gold rose 0.3 percent to $ 1,308.54 per ounce on Thursday morning, ahead of much - anticipated talks between the world's two largest economies.

You can buy an option to purchase gold at $ 1,700 per ounce today, and if the price of gold goes above $ 1,700, you can exercise the contract for a profit.

Gold miner Northern Star Resources has posted a steady quarterly result, with the company confident it will hit its 2018 output target of 600,000 ounces per annum.

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.

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.

RBC Capital Markets forecasts gold will trade broadly between $ 1,050 and $ 1,200 this year, with an average price of $ 1,150 per ounce.

Second, during times of market weakness, the gold price per ounce relative to the gold spot price will often decrease as supply becomes more abundant.

The price of gold is destined to rise to many thousands of dollars per ounce.

Precious and Industrial Metals Inflation concerns, geopolitical tensions and interest - rate levels, especially real yields, contributed to a 1.7 % rise in the spot price of gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projecgold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projecGold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projecgold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projected.

Citizens were then given paper dollars for their gold, at a price of $ 20.67 per ounce.

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

If we take that figure and multiply it by the closing price on June 16, $ 1,181 per ounce, we find that the value of all gold comes within a nugget's throw of $ 7 trillion.

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

According to median estimates of bullion analysts participating in the 20th annual LBMA (London Bullion Market Association) competition, gold prices are expected to surge about 5 percent this year to $ 1,318 per ounce.

Since the beginning of the second quarter of this year, spot gold has been trading in a tight $ 100 range, with the price of the precious metal more or less confined in the $ 1,200 - 1,300 per troy ounce band — and investor demand for the yellow metal has been continuing to wane as the global stock - market rally continues unabated.

The price of gold has surged in recent years, topping $ 1,800 per ounce in September 2011, but it was recently down 32 % from that level, near $ 1,221.

Gold production for the quarter fell to 1.59 million ounces from 1.8 million ounces a year ago with an average gold price of $ 1,285 per ounce compared to $ 1,629 an ounce a year Gold production for the quarter fell to 1.59 million ounces from 1.8 million ounces a year ago with an average gold price of $ 1,285 per ounce compared to $ 1,629 an ounce a year gold price of $ 1,285 per ounce compared to $ 1,629 an ounce a year ago.

Therefore, don't be hoodwinked by superficial comparisons into believing that gold stocks are now priced for a hundreds - of - dollars - per - ounce lower gold price and, as a consequence, that massive gains lie ahead for gold stocks even if the gold price flat - lines or continues to trend downward.

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.

Gold is very near a breakout level of around $ 1,350 [per ounce] or so.

The analyst didn't specify the timeframe for the gold price surge from the current $ 1,325 per ounce, but stressed that it would have to happen, as the current cash bubble, consisting of dozens of trillions in USD, can not exist forever.

In October, Schiff, the president of Euro Pacific Capital, told the International Business Times that he still stands by his prediction of gold reaching $ 5,000 per ounce.

Lease rates spiked to almost 10 per cent before settling around 2 — 3 per cent, and the price of gold rose to as high as US$ 340 per ounce, before falling back under US$ 300 per ounce.

«So far, throughout much of 2016, gold has traded in Australian dollar terms mostly between A$ 1,600 and A$ 1,800 per ounce and averaged near A$ 1,700 per ounce,» Close said.

We herewith discuss, via the kindness of Bill Murphy (www.lemetropolecafe.com) and in HSL (www.hsletter.com), the unique and weak character of the vehicles used for hedging by the majority of gold producers of 100,000 ounces per annum and up.

With gold now at $ 1,233.40 per ounce, that option is currently priced around $ 42.30 per ounce, meaning it would cost you $ 4,230 for a minimum purchase of a single June 2012 call option [The minimum purchase would be options on one 100 - ounce contract: The option priced at $ 42.30 per ounce x the 100 ounces in the contract = the $ 4,230 outlay].

The price of gold has fallen by around 28 percent since beginning the year at $ 1,697.70 per ounce.

In COMEX gold futures which also experienced a record one - week amount of nearly 55,000 contracts being sold by so - called commercial traders, or the equivalent of 5.5 million ounces, that works out to 20 full days of world gold mine production (275,000 oz per day).

When the announcement came, the price of gold dropped noticeably to below $ 1200 per ounce from its previous level between $ 1230 and $ 1240.

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

I'm talking about a game - changing event that could, with little warning, propel the price of gold upward by hundreds — even thousands — of dollars per ounce in the space of a few weeks... conceivably overnight!

For then the world might understand why even at its recent price above $ 1,300 per ounce gold has not come close to keeping up with the inflation, the currency debasement, of the last few decades, why gold has not fulfilled its function of hedging against inflation.

If you consider the cost to mine one ounce of gold to be approximately $ 500 - $ 800 per ounce and the current price of gold today to be around $ 1,200 per ounce, Bitcoin is estimated to cost approximately $ 1,000 - $ 1,200 to mine, or in other words to create one Bitcoin.

Reminder: The price of gold in Argentina pesos, adjusted for devaluations since 1945, would be in the thousands of trillions of pesos per ounce.

Production cost of sales per gold equivalent ounce is expected to be $ 730 / oz, with AISC forecast to be $ 975 / oz sold on both a gold equivalent and by - product basis.

To put that deposit in perspective, 3,000 ounces of gold represents 1.4 per cent of the 209,000 ounces of gold Goldcorp produced from its Red Lake mines complex in 2017, and an even smaller 0.12 per cent of its estimated total gold production last year of 2.6 million ounces.

In 2002 when gold was $ 300 per ounce, MAM recommended to its investors to put 50 % of their investment assets into physical gold stored outside the banking system.

According to a press release the underground resource now comprises 56,000 ounces of gold, extracted from 248,000 tonnes graded 7.04 grams per tonne.

The price of gold futures for December delivery rose $ 3.70 to settle at $ 1,294.70 per ounce after the president's shutdown comments.

Physical gold buying has flooded Europe in the wake of Trump's victory with the yellow metal reaching a six - week high at $ 1,334.40 per ounce.

At the time of this writing, gold is trading at around the $ 1,275 mark, while silver is still below $ 20 at $ 19.53 per ounce.

Prices of spot gold, which settled at $ 1,151 per troy ounce in 2016, were hovering close to $ 1,270 per troy ounce heading into December after pulling back from the highs of $ 1,357 earlier this year.

The company earns approximately $ 1 million per year and does have the potential to produce as much as 4,000 ounces of gold each year, which would be pegged at close to $ 6 million.

So we ask ourselves: Why would the government wish to align with someone who popularizes a point of view («buy gold because it is going to $ 10,000 per ounce») that is a direct threat to it and to the Deep State financial elite it serves?

Under this system all other major currencies were tied at fixed rates to the dollar, which itself was tied to gold at the rate of US$ 35 per ounce.