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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse, Price Watch more

How much longer can these miners survive lower gold prices?

Posted on 26 November 2013

As the gold price continues to decline, gold miners are struggling to remain profitable. Indeed, as I write the price of gold is nearing three-year lows of $1,200 per ounce. During the second quarter of this year, about 25% of 67 gold-producing companies, representing roughly 44% of worldwide gold output, were losing money on a cash-flow basis.
This has led to deep cost cutting throughout the gold industry. The question remains, however, how much further can these cost cuts go?……………………………………….Full Article: Source


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VRS - who has written 36521 posts on Opalesque Commodities Briefing.


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