Producer costs rising Major Producers:
Barrick:
Costs up from $445/oz to $613/oz
https://www.reuters.com/article/2012/07/26/us-barrickgold-results-idUSBRE86P14E20120726
Newmont:
Costs up from $583/oz to $681/oz
https://www.bloomberg.com/news/2012-07-26/newmont-gold-profit-misses-estimates-as-costs-increase-correct-.html
Goldcorp:
Costs up from $185/oz to $385/oz
https://af.reuters.com/article/metalsNews/idAFL2E8IQ2FW20120726?pageNumber=1&virtualBrandChannel=0
Kinross:
Costs up from $545/oz to $742/oz
https://www.kinross.com/media/231264/050812%20q1%20results.pdf
Agnico Eagle:
Costs up from $555/oz in 2011 to $660/oz in 2012
https://in.reuters.com/article/2012/07/25/agnicoeagle-earnings-idINL2E8IPKHA20120725
Junior Producers:
Claude:
Q1 costs up from $924/oz in 2011 to $1236/oz in 2012
https://www.clauderesources.com/html/news/press-releases/index.cfm?ReportID=203273
Wesdome:
Mining and processing costs increased 33% in Q1 year over year from 2011 to 2012
https://www.wesdome.com/documents/WGM_2012_05_14.pdf
Lawrence Roulston talks what has happened w/ gold equities:
https://www.kitco.com/ind/Resopp/20120731.html
It is my feeling now that Golden Band must complete the Waterton financing very shortly and get Komis ino production (plus upgrade mill capacity, and build Golden Heart Mine short haul road) or else they may actually be in trouble. My gut (wink,wink) says Ron is always able to get things done in the nick of time. It is the reason I have and will continue to invest in Golden Band.