Andrew Su, CEO at brokerage Compass Global Markets said the average cost of producing gold in Australia, home to some of the world's biggest gold miners, has jumped from $500 an ounce in 2007 to over $1,000 an ounce this year.
Persons (plural) is a very formal word. We only use it in rather legalistic contexts: [notice in a lift] Any person or persons found in possession of illegal substances will be prosecuted.
Party meaning âa specific individualâ is old in the language, going back to the 15th century, and was formerly in common use. Today, it remains standard in limited senses, chiefly the legal, and is often used humorously or condescendingly: the party holding the balloon. The word person is the neutral and common term.