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Wealth Daily Editor Luke Burgess claims that a surge in mining production costs may help buoy gold prices for decades to come.

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John Doody, founder of the newsletter “Gold Stock Analyst” broke down the cost per ounce for AngloGold Ashanti in Q3, 2010: Cash cost: $643

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• Cost of gold production | Statistic - Statista

This statistic depicts the cost of gold production worldwide from 2000 to 2010. In 2010, it cost 981 U.S. dollars to produce one ounce of gold.

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