Troy Ounce


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Troy Ounce

A unit used to measure the mass of precious metals. It is equal in weight to 31.1034768 grams.
References in periodicals archive ?
Danichek said when he first started working at the pawnshop, the price of gold was around $350 to $400 per troy ounce and the shop gave out $3 to $4 per gram of gold.
As the long CT and EIS process dragged out, the price of gold dropped to $320 a troy ounce by the proposed sale date of July 1991.
00US) per troy ounce, AVRG's current asset base is approaching two hundred million dollars US ($200,000,000US)
35 a troy ounce, the low from June 28, and resistance at USD1,249.
At a gold price of USD750 per troy ounce the Dachang project is estimated to generate an after tax internal rate of return (IRR) more than 40% and an after tax project Net Present Value (NPV5) at a 5% discount rate to more than USD198m.
The next step is applying the conversion formula for grams (gm) to ounces (oz) having 30 grams per one troy ounce.
The company's reserve report estimates direct production costs of $70 per troy ounce.
5m pounds of payable copper, 10,475 troy ounces of payable gold and 19,223 troy ounces of payable silver.
MOSCOW, Rabi'I 22, 1435, Jan 23, 2014, SPA -- Russia-focused gold miner Petropavlovsk said on Thursday it expects its 2014 gold production to decline to 625,000 troy ounces from 741,200 ounces in 2013, according to Reuters.
13 million troy ounces as of the beginning of December 2012, the NBU said in a statement.
According to government data, the country produces between 178 and 200 troy ounces of gold a month, generating annual gold production at around 2,000 ounces.