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break even on gold mining industry average

break even on gold mining industry average

Feb 13 2020 · For example take golds current price of about 1556 per ounce Many mining companies do not make money or barely break even at that price However if the price moves 100 higher theyll be in the black That means a small move higher in gold has the potential to turn a mining firm from a moneyloser into a moneymaker almost overnight

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