A solid electrolyte technique has been used to measure the activity of cobalt in liquid cobalt-gold alloys containing between 0.085 and 0.50 mole fraction of cobalt, and for temperatures from just above the liquidus to around 1550 K. The system exhibits positive deviation from ideality, both in the activities of cobalt and gold, and in the enthalpy and excess entropy of mixing. The results agree with previous measurements using a Knudsen cell - mass spectrometer technique, but differ from those reported for a gas equilibration method. The data have been used to calculate the activity coefficient of cobalt oxide in silica saturated iron silicate slags and to express the solubility of cobalt in such slags as a function of cobalt activity and oxygen pressure.