RE:RE:valueWell, gold is falling cause the FED is fighting inlfation, so mid term inflation will go down. Once the FED slows down hike raising (since inflation indiacates to go down) gold price will go up again.
And by the way, inflation in Colombia is not that worth in praticular many costs are in COP and not USD. On the other side gold sales are in USD. So COP/USD ratio somehow mitigates inlfation.
To sum it up, its all about margins. And once inlfation (costs) go up, rate hikes go up, gold goes down, costs go down and hike rates go down or stay flat again.... its a cycle
And regarding the production numbers. Yes, currently New Aris is "only" producing 280-300 K oz, however, with significant production increase for Marmato and new mine Toropau, gold production will rise to 500-600k within 2 years. And don't forget, current market valuation is only 345 USD (New Aris). Thats already pretty cheap for a 300k producer. And also don't forget, Toropau and Marmato concstruction is fully finfacned already. There is almost 700 mio USD cash availalbe (of course also 300 mio debt) but net cas is around 300 mio USD.
Much more to come.