Naturally, they do not have the same operational leverage that you might find in high -
cost gold miners.
Not exact matches
In recent years,
gold miners have done a poor job delivering shareholder value due to the
cost overruns and excessive share dilution that accompanied the rush to put production on stream.
The idea is that if
gold continues to be below the
cost of mining, then
miners will stop mining and supply will disappear forcing
gold prices up.
Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full - year profit, on the back of higher gold prices and a reduction in co
Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full - year profit, on the back of higher
gold prices and a reduction in co
gold prices and a reduction in
costs.
Local
gold miners Resolute Mining, Saracen Mineral Holdings and Ramelius Resources have hit their production targets for FY16 at lower - than - expected
costs.
Three aspiring
gold miners have announced an increase in projected free cash flow for their respective projects as a result of the strong
gold price, coupled with falling fuel
costs.
Gold miner Northern Star Resources has boasted a 5 per cent fall in
costs while reporting an increase in sales for the March quarter.
Shares in local
gold miner Millennium Minerals closed 13.7 per cent higher today on news it had increased its projected
gold production by 11 per cent while lowering
costs.
She said the
miners recently benefited from a rally in the U.S. dollar, bringing
costs down overseas where most
gold mines are to be found.
Gold miners have experienced increased labor costs and taxes, resulting in a higher replacement cost per ounce of g
Gold miners have experienced increased labor
costs and taxes, resulting in a higher replacement
cost per ounce of
goldgold.
Many Canadian
miners such as Barrick, Northern Star, Newcrest, Agnico Eagle and Detour
Gold Corporation have reduced their all - in sustaining
costs (AISC) and have provided guidance of further reduced levels for 2016, the report stated.
The market's largest producers, including Newcrest Mining, Evolution Mining and Northern Star Resources, have also benefited from recognition that the recent rise in the US - dollar
gold price, a weak local currency and lower
costs across the sector have created significant positive tailwinds for Australian
gold miners.
A
gold miner is valued on production, reserves,
cost to extract, etc..
Sure
miners may have been sold today due to leveraged investors selling to go into cash, but how does that «squeeze» the mining business if
gold is risng RELATIVE to input
costs like crude oil and commodities?
Gold miners have managed to cut their
costs significantly since prices started to freefall in 2013.
The tiny West Australian town of Menzies is the setting for a
gold processing demonstration plant that aims to reinvigorate small
gold miners with a
cost - effective and environmentally - friendly alternative to cyanide.
The share price for Newmont Mining has increased twice fast as
gold prices since January — something that should increase profitability for the
gold miner and allow it to lower operating
costs as sells more shares.
These funds provide access to leading
miners without the
costs of directly holding
gold and silver as investments.
Also,
miners are impacted by the
cost of their inputs, so a rising
gold / oil ratio is a positive, for example.
Horizons HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction
costs, that endeavour to correspond to two times (200 %) the daily performance of the Solactive Canadian
Gold Miners Index.
New
Gold (NGD) is another
miner with a tremendous asset in its low -
cost New Afton mine, which also generates considerable free cash flow.
If you stop paying (in BTC it's either you paying or the
miners with their enormous operational
costs), your
gold evaporates.