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Gold Prospecting
Gold localities & information
Gold production from Kalgoorlie's Golden Mile 'overstated' by more than $1.7b!
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<blockquote data-quote="user 4386" data-source="post: 639684" data-attributes="member: 4386"><p>No. The gold bars poured at the mine are not pure. The refined gold made from them at the mint is. So if you base the ounces a mine produces on the weight of its gold bars poured at the mine you will slightly overestimate because they have not had the minor silver etc in them removed yet (the mint removes that when it refines their gold bars).</p><p></p><p>Most gold is 92-97% pure at the mine (although some mines in places like Nevada where ore has a lot of silver, it can be less that 50% gold).</p><p></p><p>But there is plenty of gold left, it just has nothing to do with an abc report by someone who cannot do arithmetic <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="user 4386, post: 639684, member: 4386"] No. The gold bars poured at the mine are not pure. The refined gold made from them at the mint is. So if you base the ounces a mine produces on the weight of its gold bars poured at the mine you will slightly overestimate because they have not had the minor silver etc in them removed yet (the mint removes that when it refines their gold bars). Most gold is 92-97% pure at the mine (although some mines in places like Nevada where ore has a lot of silver, it can be less that 50% gold). But there is plenty of gold left, it just has nothing to do with an abc report by someone who cannot do arithmetic :) [/QUOTE]
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Gold Prospecting
Gold localities & information
Gold production from Kalgoorlie's Golden Mile 'overstated' by more than $1.7b!
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