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The latest report titled “gold production cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Gold.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Gold production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
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Procurement Resource Assessment of Gold Production Process:
1. Gold Production From Extraction, Separation and Refining: This report presents the extensive cost requirement of gold industrial production across gold manufacturing plants via extraction, separation and refining. In this method, the ore is first extracted using blasting, drilling and shovelling, if it's lode deposits or hydraulic mining, dredging and power shovelling in placer deposits. The ore extracted is cleaned and filtered, after which the ore is ground in a ball mill. Later, gold is separated from the ground ore contaminants via froth floatation, cyanidation, or amalgamation processes. To carry out further purification, the gold derived is smelted using a flux solution resulting in pure gold that is cooled in moulds.
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Product Definition:
Gold (Au) is one of the most precious and dense metals classified as a chemical element from Group 11 and Period 6 of the periodic table. It is usually found in nature in a fairly pure form. It looks like a lustrous yellow precious metal with excellent properties, an attractive colour, brightness, durability, and malleability. It is also a great conductor of heat and electricity. It has a melting and boiling point of 1,063 °C (1,945 °F) and 2,966 °C (5,371 °F), respectively.
Market Drivers:
Gold is mainly used in jewellery making owing to its qualities like being easy to work with, forming wires, being hammered into thin sheets, melting and cast in different shapes and being resistant to being tarnished. It also finds application in dentistry and medicine applications where it is used due to being chemically inert, easy to insert and non-allergenic, making it ideal for crowns, fillings, bridges and orthodontic end-uses. For aerospace end-uses, it works as a lubricant to lubricate many mechanical parts. Also, owing to it having great properties such as good conductivity, anti-corrosion etc., it is employed in various electronic devices such as televisions, calculators, cell phones and global positioning system (GPS) units.
Looking for an exhaustive and personalised report that could significantly substantiate your business?
Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.
Some of the common requests we receive from our clients include:
- Adapting the report to the country/region where you intend to establish your plant.
- Adjusting the manufacturing capacity of the plant according to your needs.
- Customizing machinery suppliers and costs to meet your requirements.
- Providing additional information to the existing scope based on your needs.
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About Us:
Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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