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View Full Version : Winding down first season with the new wash plant...



GoldChops
08-28-2012, 07:29 PM
...and need to know where yall recommend selling the gold. Anchorage, Nome? At $1,600 (if it was) and .850 fineness, what would I be looking at getting per ounce unrefined? Roughly of course. Thanks for the help.

-Chops

carter
08-28-2012, 09:30 PM
your gonna get around $1280 at $1600 at oxford

dewam
08-29-2012, 08:38 AM
I agree with Carter. It could go up to $1300 if you can keep the smelt loss down.

chickenminer
08-29-2012, 09:01 AM
Chops....
Hope your season went well. You will have to post some photos later of how that fancy
new washplant of yours worked.

As for selling gold. The size matters a lot. If you have a bunch of +8 mesh it is a lot easier to sell for spot/spot+, as opposed to a bunch of -50 mesh stuff. Just starting out in the business it can be tough. After a while you will gain contacts and it will be easier to sell
outside of sending to a smelter.

My advice is to just send all your -14 mesh stuff to a smelter ( your choice). Keep your larger and give selling it a try. You will soon find out it is as much work as mining!
It use to be a breeze selling anything +14 mesh for spot+ . Not anymore.

Good luck!

GoldChops
08-29-2012, 09:44 AM
Thanks guys. I based the season knowing that for every ounce I got it would be about $1,200-$1,300 in profit. I don't need to get spot.

Dick- I will put pics up when I get home. I will be in the bush until the middle of Sept. An example of a clean out was 2.34 ozt between 1/4"-1/8", 4.24 ozt 20 mesh, and 5.67 ozt -20 to -30. All of the gold is free of black sand but together in a mason jar. The majority of the gold is small so I'm not going to try to sell the few nuggets I have as jewelery pieces.

carter
08-29-2012, 11:42 AM
chops, how bout some pictures of your setup. I purchased a hitachi ex40 last winter and have been building a small trommel but never ran this summer. Got caught up in running a new 6" dredge with my son.

GoldChops
08-29-2012, 03:24 PM
Hey Carter-
I will. My ex200 hydraulics took a crap and had to fly in a mechanic. She's back up but still running funny.