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Have These Gold Mining Stocks Finally Hit Bottom

Posted on 18 June 2014

As gold prices remain soft, gold miners’ shares find themselves on shaky ground. However, it looks like for some of them, the worst could be over. IAMGOLD , Eldorado Gold , and Kinross Gold were under serious pressure last year, but so far this year their shares have stood firm. Does this mean that these miners have reached their bottoms?
IAMGOLD: relying on the price of gold: Despite cost-cutting efforts, IAMGOLD remains a relatively high-cost producer. The company’s all-in sustaining costs (AISC) dropped from $1,290 per ounce of gold in the first quarter of 2013 to $1,198 in the first quarter of 2014, but remain close to the current gold price. This year, IAMGOLD targets AISC of $1,150-$1,250 per ounce of gold………………………………………..Full Article: Source

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