Wednesday, June 26, 2013 1:25:31 PM
Meanwhile gold drops below it's average cash cost and all Brazilian junior mining companies had lost 90-95% of it's value...
As shown two months ago, the marginal cost of production of gold (90% percentile) in 2013 was estimated at $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1104...
http://www.zerohedge.com/news/2013-06-26/gold-drops-below-its-average-cash-cost
As shown two months ago, the marginal cost of production of gold (90% percentile) in 2013 was estimated at $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1104...
http://www.zerohedge.com/news/2013-06-26/gold-drops-below-its-average-cash-cost
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