Post by
centauros on Oct 05, 2018 12:32pm
Bad November Earnings
I'm not sure if people watched the conference at beaver creek but what they said was they stopped Ana Paula due to the gold price being low and there being a significant push back. They are only increasing mining slightly and they said it will take until 2020 to get back to the 2017 levels of gold production.
Although I think it is smart for them to conserve cash given the current situation, there isn't anything that really indicates their earnings will be high for this quarter.
For mid term I think the price will go down to maybe 0.85 levels, unless gold price jumps big.
Comment by
centauros on Oct 05, 2018 12:32pm
here is the beaver creek link if anyone is interested https://www.gowebcasting.com/conferences/2018/09/20/precious-metals-summit/day/2