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If you set up Gold Prospecting business, there are three major cost inputs that you need to keep in mind. They are labor, energy and grade impacts. Having said this, per ounce cost of production is anywhere near 950-975$. In worst case scenario, it can go up to as high as $1100 Per Ounce.
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Thank you for the response, actually I wanted to understand the initial part of the gold mining business.
I understand that once a reserve is proven, financing would be easier to come by and I'll be able to find companies to do the whole operation. My concern is with the costs of taking a virgin land and coming to the proven certification document upon which the financing and operation can be engaged, for that part alone what would be the basic common costs?