23.08.2013 - Gold price of $1500/oz needed to cover all-in costs
The all-in cost of gold production under the World Gold Councilís new all-in cost metric is some $1 500/oz at a time of the gold price being a good $130/oz below that at the time of going to press. Return on equity and return on capital employed of gold mining companies have been in decline for the last three years in a row to 2012 and gearing ratios have rocketed upwards as a result of troubled companies borrowing more money to keep existing operations afloat...............................................Full Article: Source
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