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According to other preliminary 2015 data on the world's top 10 gold producers collated by Mining, its nearest rival producer in terms of cost was Australian-based Newcrest Mining with costs of $762 per troy ounce in 2015.
The roasting cost works out at approximately $1.22 per ton of concentrate, distributed as shown in Table 99. At MacLeod Cockshutt Gold Mines, Ltd., the cost of roasting in 1941- 1942 was 32 cents per ton milled or $1.25 per ton of ore roasted, while at Lake Shore mines for the same year the cost was about 80 cents per ton roasted.
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The cost of hydraulic mining depends largely on the magnitude of the operations. With large quantities of water available at a cheap rate, and big banks of soft gravel, the cost has been reduced in California, while the average cost was about low cents, and only in exceptional cases amounted to as much as 5x higher per cubic yard.
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These were placer gold mining plants using a dragline for excavation and feed to the plant which was on a barge floating in a pond. They usually used revolving trommels and tables or riffles for both concentration and recovery.
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If you find a piece of gold on the surface of a dry placer area, it is likely that there are more pieces of gold in the immediate area. Electronic prospectors call these areas “patches.” Gold generally does not travel alone-unless it was dropped there by mistake.
If the overburden only contains $2 of gold per yard, and your mining cost is $5 per yard, then you are losing $3 for every yard put through the wash plant. On the other hand, if you can strip low-grade overburden for $1 per yard, then you have saved $2 per yard which can be directed toward mining the pay gravels. Often, new miners leave a lot of gold …
PlacerGold Science May 30, 2015 alluvial, eluvial, gold, gold mining equipment, gold pan, gold panning, paleo-placer, placer, quartz vein, vancouver, Witwatersrand 2 Comments Placer gold mining has been practiced for thousands of years with evidence dating back as far as 2600 BC in ancient Sumeria and Egypt.
