RE:RE:News soon?
If a gold mine was a hockey team, the forwards would be production, piling up ounces like goals on a scoreboard. The costs per ounce are like defencemen: solid, predictable, hardworking but rarely getting the glory. While production numbers usually drive the share prices of mining companies, its cost control that keeps the company in the game with positive earnings. Neglect to control your costs, and the whole enterprise can quickly go into the red. While retail investors are often impressed by high-grade mines that crank out the ounces, they should realize that gold-mining is like any other business: revenues must exceed costs.