While many sectors of the economy suffer critical losses caused by quarantine measures, gold mining continues developing. For example, according to the research by Resources Monitor, in the period from January 1 to May 8 of this year, the price of the yellow metal increased by + 12%.
It is necessary to mention that Australian gold mining company Newcrest Mining was able to sell its precious metal at a price of $ 1,569 per ounce, with the cost of its production at less than $ 830. This ratio makes gold mining a highly profitable activity, which allows Australian gold miners to actively develop existing deposits.
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