By Michelle Smith — Exclusive to Gold Investing News
While gold miners have been seeing record revenues as a result of high gold prices, they are also seeing the costs of looking for the metal, pulling it out of the ground, and bringing it to market increase each year. During this time, gold miners’ stock prices have failed to keep pace with gold prices and many have wondered why. Could rising costs be a discouraging factor for investors? If so, should they be?..........
.......Just as high prices have allowed miners to pursue more low-grade projects than they otherwise would, some miners have been able to continue mining despite falling grades. Still, this situation means that companies in either case have to process increasing amounts of ore to boost or even sustain their production levels, which pushes up costs.
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