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<p>[QUOTE=&quot;Cloudsweeper99, post: 1107987, member: 3011&quot;]Mining companies always like to talk about &quot;cash cost per ounce.&quot;&nbsp; It always sounds better when you don&#039;t throw in the cost of exploration, development and running the business.&nbsp; In Kinross&#039;s case, their cash cost of production was $508 per ounce for 2010, but their total cost of production was $885.&nbsp; This is no knock against Kinross, they are one of the better run companies.&nbsp; But talking about cash cost per ounce is like calculating the cost of producing wheat and leaving out the cost of the land and equipment needed to run the farm.&nbsp; I would guess that the total cost of production for the average gold company that is extracting a couple of grams per tonne is at least $1000 per ounce and perhaps a little more.[/QUOTE]</p><p><br /></p>

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