Gold mining most costly in South Africa
NOTE
At the time of posting, January 29 2018, an oz of gold is $1,351 and the strengthening rand is R11.98 to the $ (six months ago it was R13 and the price of an oz of gold touched R20k compared with R16.k today).
Gold has historically increased in value as the price of oil increases and with that, the weakening dollar and the strengthening rand, SA’s mines face a perfect storm of increased costs.
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