Working Paper 222 - Economies of Scale in Gold Mining

Ousman Gajigo () and Mouma Ben Dhaou ()
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Ousman Gajigo: African Development Bank, Postal: 15 Avenue du Ghana P.O.Box 323-1002 Tunis-Belvedère, Tunisia, https://www.afdb.org/en/knowledge/publications
Mouma Ben Dhaou: African Development Bank, Postal: 15 Avenue du Ghana P.O.Box 323-1002 Tunis-Belvedère, Tunisia, https://www.afdb.org

Working Paper Series from African Development Bank

Abstract: This paper analyzes the presence of economies of scale in gold mining in Africa. It uses mine level data between 2005 and 2010 and the data is collected from countries that account for 83% of the continent’s gold production. Our analysis shows that the gold mining industry in Africa exhibits significant economies of scale. In other words, the unit cost of production falls significantly as mines get larger.

Date: 2015-04-28
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Persistent link: https://EconPapers.repec.org/RePEc:adb:adbwps:2161

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