The most expensive place in the world to mine gold is in South Africa There allin gold production costs can be more than twice as much as in Peru which is the least expensive place to mine gold According to the Thomson Reuters GFMS Gold Mine Economics Service average allin costs for South Africa were over 1400 between 2005 and 2013.
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This is why we have different notions of platinum production costs Traditionally the industry used cash cost which focused only on the mining and processing costs incurred But in 2013 the WGC published a guidance note on allin sustaining costs and allin costs metrics The former concept is an extension of the existing cash cost.
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