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xero90

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xero90

Re: POKERSAM post# 31371

Thursday, 06/12/2014 5:18:04 PM

Thursday, June 12, 2014 5:18:04 PM

Post# of 31925
well my call is gold is not going to see 990 or even 1030... low was high 1100s. production cost is 1200+

[added]

http://business.financialpost.com/2014/03/06/exactly-how-much-does-it-cost-to-produce-an-ounce-of-gold/

Judging by recent earnings reports, the average all-in sustaining costs for the industry fall between US$1,100 and US$1,200 an ounce. In other words, margins in the gold sector are incredibly tight for all but the top-tier mines.

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