Newmont Corporation (NEM)

[Harleyman]

the price of gold went from $1,700 plus an ounce to $1,100 an ounce....drastically affecting all miners...when it costs as much or more to get it out of the ground as you can sell it for.....slows production....

I always think of this way...if I had 10,000 worth of gold in my backyard today, would I spend 15,000 to dig it up, or wait for it to be worth 20,000 and dig it up and make 5k.

but I think in simple terms...I hope it helps!