The Costs of Mining Silver vs. Gold

Key Takeaways

• Extracting one ton of gold requires 20,000 MWh of energy, compared to just 250 MWh for silver.
• Each ton of gold produces 9,000 tons of CO₂, while silver mining produces only 125 tons.
• Mining an ounce of gold costs approximately $1,388, compared to $27 per ounce of silver.