RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE The PM industry is evolving after underperforming spot Gold for years with a reason. Big gold miners have been growing via external growth and diluting their paper while junior miners cant raise the cash to fund their projects. A lot of the high level CEO's have been ousted, CEO's at smaller companies who cant get send away are being rewarded with their stock plummeting ...
To comment on this discussion. cash costs used to be the industry benchmark, but this is evolving. Look at the gold survey of GFMS 2013, "ALL-IN SUSTAINABLE COSTS" is the way forward. And this is a good thing. Mining gold at direct cash costs is one thing, taking into account development, corporate and interest rates costs is very much needed.
I am very pessimistic about miners without operational basis. I do not think they will make it, not even with a gold price going up again. eg Fridays comment of SLW: "Up to 50% of juniors could disappear if financing doesn't improve" - Haytham Hodaly SLW
please be kind to each other in this forum
Maybe we cant discuss Brigus Gold in more detail?
1. How do you see the impact of the mill stoppage on Q2 figures ?
2. Is postponing Grey Fox far into 2014 a good or a bad thing?
thanks,
Trappist