cost of mining ounce of platinum

cost of mining ounce of platinum

Platinum Production Cost - How High is too High ...

The all-in sustaining costs are about $1,110, while the platinum price is about $754 per ounce (as of September 2018). It means that it is importantly below the production costs. It implies that platinum mining is unprofitable right now.

Platinum Prices Today Per Ounce - 24hr Spot Price Chart ...

Apr 09, 2014  The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030. If you do the math, then the 10 ounce bar offers a savings of $30 per ounce.

Platinum Price Per Ounce Platinum Spot Price Today

Platinum Spot Price and the Price of Platinum per Ounce. The tools and platinum price charts on this page are designed to allow you to determine the platinum price at a glance. You can find 24-hour price trends, as well as an interactive price chart that will allow you to view platinum prices in the past.

Live Platinum Price Charts Platinum Price Per Ounce

Apr 27, 2021  Platinum Spot Prices Platinum Price Spot Change; Platinum Price Per Ounce: $1,267.50: $11.80: Platinum Price Per Gram: $40.75: $0.38: Platinum Price Per Kilo: $40,751.04: $379.38: Live Metal Spot Prices (24 Hours) Last Updated: 4/27/2021 12:18:50 PM ET

Platinum production costs by world region 2018 Statista

Oct 07, 2020  In 2018, the cost of producing platinum in South Africa reached 985 U.S. dollars per equivalent ounce. Platinum is a precious metal commonly used as a

Platinum PRICE Today Platinum Spot Price Chart Live ...

Conversion Platinum Price(Spot) Price; 1 Troy Ounce ≈ 31,10 Gram Platinum Price Per 1 Gram 40.33 USD 1 Troy Ounce ≈ 0,031 Kilogram

The case for investing in platinum - MINING.COM

May 29, 2018  Jamie Keech: Right now the platinum price is $927 an ounce. The South African cost of production, the average price of cash cost is $950 per ton or the all-in sustaining costs are $1,100 per ounce.

How The Platinum Trade Works - The Beginner Trader's Guide ...

Mar 18, 2021  Platinum mining is also far less efficient than gold mining. The process of extracting the metal from ores can take five to seven months and may require ten tons of ore to yield one ounce of platinum. The cost of mining an ounce of platinum is nearly twice that of mining an ounce of gold.

This Coming Development Could Trash The Platinum Cost Curve

A move that caused an 11% fall in the rand against the dollar since March 26 — and has potentially deflated the U.S. dollar cost base for South Africa’s platinum miners. Platinum. And now, it looks like an even more disruptive wave may be breaking on the platinum sector.

The Cost Of Producing An Ounce Of Gold American Bullion

In fact, it is common to hear industry insiders cite $1,200 as the all-in cost for mining a single ounce of gold. Cost Reporting Debate—Does It Really Cost $1,200 to Mine One Ounce? The $1,200 price tag is still questioned by investors and industry insiders.

Platinum Price Today in USD Platinum Spot Price Chart ...

Apr 27, 2021  are the platinum prices per ounce the same around the globe? One troy ounce of platinum is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of platinum can be higher or lower based on the value of a nation’s currency.

Platinum PRICE Today Platinum Spot Price Chart Live ...

Conversion Platinum Price(Spot) Price; 1 Troy Ounce ≈ 31,10 Gram Platinum Price Per 1 Gram 40.33 USD 1 Troy Ounce ≈ 0,031 Kilogram

Platinum spot price, Live, Historical: Platinum Price ...

Since 2011, the stock level of platinum decreased as mining supplies fell and recycling rates slowed down. Since 2015, platinum's daily benchmark in London (LBMA is a center of the world's bullion market) fell below the price of gold per ounce and has remained there since.

Platinum mining costs are likely to drive the long-term ...

Dec 06, 2012  Platinum mining costs are likely to drive the long-term price moderately higher. 6 Dec 2012 by Jim Fickett. For a significant fraction of platinum mines, market prices below $1500/oz fail to cover cash costs, and below $1700/oz fail to cover cash costs plus capex. The cost increases of recent years were not a temporary aberration.

Precious Metals Chart Value of Gold, Silver, Platinum

The spot price is the current buying or selling price for that metal. For example if the spot price for gold is $1200 then the value of one troy ounce of fine gold is worth $1200. If the spot price for silver is $19 then the value of one troy ounce of fine silver is $19. Live Precious Metals- Value of Gold, Silver, Platinum, Palladium, Rhodium

Mining Costs Are Up for Platinum Barron's

Nov 05, 2011  The world's second-largest platinum-mining company said its output will decline to 1.7 million ounces in 2012, from 1.836 million for the year-ending June 30. Impala cited higher-production costs ...

Platinum Mining and Refining Education

Together these two operations produced 185,000 oz of platinum in 2005. Mining platinum in placer deposits is a relatively simple process. Dredges scoop the platinum-bearing sand or gravel from riverbeds or mining pits. The material is washed until platinum grains or nuggets are captured and pulled from the surrounding material.

Platinum well positioned in hydrogen ... - Mining Weekly

The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. Hyundai has stated categorically, in a ...

Lowest cost gold mine ranking worldwide 2019 Statista

Jun 24, 2020  In 2019, the Fosterville mine in Australia had the lowest all-in sustaining costs of any gold mine in the world. In 2019, Fosterville's all-in sustaining costs were 291 U.S. dollars per ounce of gold.

The True Silver Mining Cost - What Does It REALLY Cost To ...

As you can see, the real cost of producing an ounce of silver for 3Q 2012 was $24.98, NOT the aforementioned $13.87 -- a much more accurate number for investors to

Platinum - Wikipedia

Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal.Its name is derived from the Spanish term platino, meaning "little silver".. Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements.It has six naturally occurring isotopes.

Top Primary Miners Now Paying The Market $2 To Take Their ...

May 21, 2019  Regardless, the silver miners in my group produced 76 million oz (Moz) of silver last year: However, it is true that the majority of silver comes as a by-product of base metal mining. And, according to the 2019 World Silver Survey, 60% of the global silver mine supply is a by-product of copper, zinc, and lead base metal mining.

The true cost of producing an ounce of gold Provident

May 23, 2017  These numbers report that the cost of extracting an ounce of gold is actually over $1,000 per ounce, well above the aforementioned numbers. And since gold is currently trading at just over $1,200 per ounce, it explains why mining companies have had less-than-stellar profits. Determining the costs of mining largely depend on the region as well.

23rd April, 2021: Scrap Gold Prices Dipped, Platinum and ...

Apr 26, 2021  The prices of 18 carat and 22 carat gold scrap went down by $ 7.61 and $ 9.28 per Oz respectively.9 carat gold scrap also edged lower by $ 3.80 per Oz. The price of Platinum scrap witnessed a jump of $ 16.77 per Oz to reach $ 885.15 per Oz. Silver scrap prices were up by $ 0.32 per Oz.

Platinum spot price, Live, Historical: Platinum Price ...

Since 2011, the stock level of platinum decreased as mining supplies fell and recycling rates slowed down. Since 2015, platinum's daily benchmark in London (LBMA is a center of the world's bullion market) fell below the price of gold per ounce and has remained

Platinum Price History 140-Year Platinum Price Chart

Platinum Price History can be seen in the following nearly 140-year platinum price chart which illustrates platinum price history in US dollar values per troy ounce. This Platinum Price History page covers more than half the entire timeframe platinum has been

Platinum and palladium prices to rise through ... - MINING.COM

Jul 21, 2020  Platinum – currently at around $840 an ounce – will average $832 this year and $913 in 2021. The poll three months ago predicted averages of $836 an ounce for 2020 and $945 for 2021.

Platinum Outlook 2021: Strong Price Performance Expected

That number jumps to 74 percent when calculating platinum’s recovery from its March low of US$608 per ounce. Much of the rebound was facilitated by a significant uptick in investment demand ...

Platinum Prices - Interactive Historical Chart MacroTrends

Platinum Prices - Interactive Historical Chart. Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce. The current price of platinum as of April 26, 2021 is $1,245.20 per ounce.

Platinum Vs. Gold Investments - The Balance

Apr 04, 2021  Platinum usually traded at a higher price than gold from 1987 until September 2008. Since 2011, the price of gold has exceeded the price of platinum. As of April 3, 2021, gold was trading at $1,730 an ounce compared with $1,214 an ounce for platinum.

Platinum Buying Expands as Mining Strikes Escalate ...

Sep 05, 2012  Platinum Buying Expands as Mining Strikes Escalate: Commodities ... Prices will average $1,625 an ounce in the fourth quarter, the highest in more than a

Platinum Price per Ounce GOLD.co.uk

Registered Office Floor 16, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA. Registered in England No. 06758398 VAT No 941 5123 47

Overview of Mining Costs - Gold Convention

In the case of some metals, like platinum, depth of mining is rising as metal available at shallow levels has for the most part already been extracted. ... Cash Cost /Ounce Cash Cost /Ounce Annual Average Gold Price in 2011 = $1,569 Gold Mine Cash Costs in 2011 production relatively less

MineralPrices - Home of Metals news prices etfs

Precious, battery, platinum group, base, minor, and rare earth prices, news, and researches from various qualified sources. Precious, battery, platinum group, base, minor, and rare earth prices, news, and researches from various qualified sources. ... Pic: The Wizard of Oz (1939)/Metro-Goldwyn-Mayer ‘Guy on Rocks’ is a Stockhead series ...

Platinum Price Chart BullionByPost

Our platinum price chart shows the price for a troy ounce of platinum over the past week, shown in UK Pound Sterling (£). You can also check the live platinum price 24 hours a day via our, real time platinum price charts updated every 5 seconds.

23rd April, 2021: Scrap Gold Prices Dipped, Platinum and ...

Apr 26, 2021  The prices of 18 carat and 22 carat gold scrap went down by $ 7.61 and $ 9.28 per Oz respectively.9 carat gold scrap also edged lower by $ 3.80 per Oz. The price of Platinum scrap witnessed a jump of $ 16.77 per Oz to reach $ 885.15 per Oz. Silver scrap prices were up by $ 0.32 per Oz.

Lowest cost gold mining companies in 2020 - report Kitco ...

Mar 25, 2021  The company's consolidated AISC for all the operations increased by 7% or $55/oz, from $818/oz in 2019 to $873/oz in 2020, due primarily to the higher gold prices, which increased royalties by $43/oz. The increased production at lower cost mines (Houndé and Ity) and the addition of the low cost Boungou mine partially offset the higher costs at ...

Gold vs. Silver vs. Platinum vs. Palladium U.S. Money ...

According to the World Platinum Investment Council, financial demand for platinum totaled 8,060 ounces in 2019, up 11% from the previous year. In terms of price, gold currently costs more than platinum. Whereas the price of gold sat near $1,700/ounce in late April 2020, the price of platinum was in the neighborhood of $770/ounce.