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202057 ensp 0183 enspGold mining is a global business with operations on every continent except Antarctica and gold is extracted from mines of widely varying types and scale Mines and gold mining operations have become increasingly geographically diverse far removed from the concentrated supply of four decades or so ago when the vast majority of the world s
May 21 2020 · For example Barrick Gold s Nevada Mining Operations now process six times more ore to produce the same amount of gold than they did just 20 years ago It takes one hell of a lot of energy to move and process six times more ore produce 1 oz of fine gold
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For example lets say that a mine was processing ore valued at 1 troy ounce of gold per ton This would generally be considered a very high grade ore worth mining in most cases Using this hypothetical value of 1 ozt ton each pound of ore would contain approximately 0 0005 ounces of gold Now let s assume that gold
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