RE:RE:14.4mil ounces of gold market cap of 15millowering cash costs per ounce are a huge step in turning things around , now getting Segovia to full production is the next hurdle. Seeing as how Segovia is is ranked the 11th highest grade deposit largest in the world I see why they will be investing the 83million to do so.
Its actually a good thing gold prices came down hard and forced them to enhance the margins on the project. Now we can only imagine if the fed stop manipulating gold by selling more paper in one day then an entire year of physical purchases and we enter into a true bull market what the outcome will be in 2015 for GCM.