Explore BrainMass

Mineral deposit

A mineral deposit is to be analysed for mining based upon the following information: (1) selling price of refined metal $0.75/kg: (2) average ore grade 0.5%: (3) recovery of metal 85%: (4) mining, milling, smelting and refining costs per tonne of ore are $6.50. Can the mine be considered profitable at this time?

© BrainMass Inc. brainmass.com June 21, 2018, 12:23 am ad1c9bdddf

Solution Summary

The solution explains how to determine if the mine is profitable