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For example, if one owns a share in a gold mine where the costs of production are US$300 per troy ounce ($9.6 per gram) and the price of gold is $600 per troy ounce ($19/g), the mine's profit margin will be $300. A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in ...
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Gold Fields – produced 2.2 million ounces of gold in 2013, down from 3.254 million ounces on the year ended June 30, 2012; 2011 production [82] roughly the same as 2010. [83] Its largest new mine has the potential to produce at a rate of 1 million ounces annually (though it produced 175,000 in 2009). [84]
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