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Gold mining doesn't have a fixed cost either. Different locations have different costs per gram of mining and refining gold, and whether it is worthwhile or not
by gweinberg 13y ago
Gold mining doesn't have a fixed cost either. Different locations have different costs per gram of mining and refining gold, and whether it is worthwhile or not to mine in a given location depends on the price of gold.
- SectioAurea 13y agoAnd the yields from mining have decreased by orders of magnitude over the last several decades as technology increases have made it more possible, while less efficient, to extract additional known deposits.