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African Gold Mining Costs

why western africa is the next gold mining frontier - cce,gold production in south africa has been on a decline for over a decade now, with output down by as much as 54% since 2005. noah capital markets mining analyst rené hochreiter attributes this downward trend to the rising costs of mining gold in south africa. “if you add in total costs, including capex, most of south africa’s gold.west african gold mines - mining industry consultants,west african gold mines quarterly summary to 31 march 2018 page 2 top 10 gold mines by all-in sustaining costs rank operation country principal owners (excluding govt interests) aisc (us$/oz) 1 - hounde burkina faso endeavour mining corporation (90%) 433.challenges facing the south african gold mining industry,perhaps the greatest concern now facing the gold industry is the degree and rapidity of shrinkage in personnel. chart 3 reveals that, over a twenty-year period since 1984, the number of unskilled personnel employed by the south african gold mining industry has fallen from 450,000 to 130,000 due to restructuring in the sector..

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