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Since the 1990s, cash costs have been the dominant measure of gold-mining cost structure. That is what it actually costs to mine each ounce of gold. Cash costs include direct production costs, onsite administration, regulatory, royalty, and tax expenses, along with smelting, refining, and transport costs.

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Open-pit mining - Wikipedia, the free encyclopedia. Rock blasting at the large open-pit Twin Creeks gold mine in Nevada, United States. Note the size of the excavators for scale (foreground, left), and that the bottom of the mine is not visible.

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Placer mining - Wikipedia, the free encyclopedia. Placer mining (/ ˈ p l æ s ər or / ˈ p l eɪ s ər /) is the mining of stream bed deposits for minerals.

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Open-pit mining - Wikipedia, the free encyclopedia. Rock blasting at the large open-pit Twin Creeks gold mine in Nevada, United States. Note the size of the excavators for scale (foreground, left), and that the bottom of the mine is not visible.

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