Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground.
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We conclude that Cipher's calculation of Total Cost/oz Aueq is a more accurate measure of the real cost of mining gold and is a better way to evaluate gold mining companies for investment purposes. Classification of costs in mining is challenging due to the nature of operations.
Winston Gold Corp. is a junior mining company focused on generating cash flow by advancing highgrade, low cost mining opportunities into production. Our management and operations team have considerable experience identifying and developing highgrade underground mines that exhibit excellent potential for success.
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By shedding the low grade particles, the fine gold can drop out of suspension earlier and accumulate under the classifier where it is safe from the turbulence and disturbance caused by the larger rocks traveling through the sluice.
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