RE:Interesting timingMost decent running mines have an AISC of about $1500 US. At $2100 US gold that's a $600 US margin on every ounce they produce.
NEM is guiding to produce 6.9 million ounces in 2024 at a lower AISC of $1400 US. At a $2100 gold price, that's a projected net profit of about $4.8 billion US dollars! At these prices, I suspect NEM isn't going to give away their 6 saleable assets so my guess is they'll do alright.
Kinross is looking for more ounces and will likely be one of the suiters (probably for the Coffee Mine). Kinross already operates in the Yukon and has good success with leach mining operationsin cold weather environments.
With the BRICS and Central Banks around the world continuing to add gold to their reserves in preparation for the new world order I don't see gold dropping significantly from here. We are one major geopolitical event away from WW3 and with the US election around the corner, the sabre rattling is only likely to get worse and with it a continued demand and rise in bullion prices. The actual risk to buying a producing gold mine these days is probably lower than I've seen in years while the potential reward is high. But then what do I know...Lol
My opinion only, please DYODD