Thu, Oct 2, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

The four-year gold curse

Posted on 21 August 2013

Very interesting comments this month from one of the gold industry’s biggest players. Gold Fields CEO Nick Holland was quoted in South African newspapers talking about problems faced by the precious metals sector. Primarily costs.
It’s always interesting hearing from professionals on the “front line” of the business. And Holland’s comments were particularly surprising and revealing. He went on record saying that both the South African gold and platinum sectors are “under water” at current prices. Not making profits. Forcing the shut-down of mines. The really interesting part was the pace of cost inflation seen by the CEO. Holland said that costs for the South African precious metals sector are doubling every four years………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37214 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031