Majority of gold producers will not last at these gold prices. Fact: dollar is too strong. Its knocking down every currency bad. Second, I have a hunch, twagaiza aisc is close to 500$ an oz and maybe even lower. Namoya hitting commercial production this q. Ore stacking tripled. If they produced 3 k oz. Now they will hit 8-10k oz next three months due to new fleet and stacking. What's going to be icing on the cake is positive EPs q2, record production on namoya q3, namoya commercial, then aisc below 500$. Smart gold miners will survive, and baa is one of them. Time will tell and this is just my jmo. I took a deep hit today, spoke to lots of advisors, and my consensus is to hold.
Jmo.