Hidden Decline Of The Gold Mining Industry
12/03/2019· As the gold mining industry transitioned from underground to open pit mining to increase production, ore grades fell and this how a dramatic impact on the cost of doing business. Not only did CAPEX spending skyrocket, so did costs all across the board. To simplify the chart above, I took the total revenues for Barrick, Newmont, and AngloGold for 2011 and 2012 and came up with an average of


































