The new “all-inclusive” measures attempt to solve that. The most frequently used metric, “all-in sustaining costs,” puts the cost of extracting an ounce of gold at more than $1,000 industrywide – and explains why miners are having a rough go at profitability when gold sells for a couple hundred dollars more than that. (I'm banking on Tyhee doing much much better than that!) http://www.theglobeandmail.com/globe-investor/investment-ideas/how-much-does-it-really-cost-to-mine-an-ounce-of-gold/article20709844/