from Mining Business:
Johannesburg; The average all-in gold production cost for the world’s 5
leading gold miners in Q1 (Mar) 2013 was about $US1,467oz, compared to
the average ytd spot price of $1,287oz and around $1,260oz currently,
according to a new report.
The SBG Securities report estimates that at least 60% of the top 30 leading miners, representing some 45% of global gold production, are operating at breakeven levels (c$1,500oz) that are well above the current gold price.
Further, it shows that by FY2018 about 50% of global production will likely require a breakeven gold price of c$2,400oz at a year-on-year unit mining inflation rate of 10%, which is looking a bit mission impossible with the report estimating a gold price averaging about $1,455oz this year and rising to $1,620oz for 2016.
Read More @ MiningBusiness.net
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Johannesburg; The average all-in gold production cost for the world’s 5
leading gold miners in Q1 (Mar) 2013 was about $US1,467oz, compared to
the average ytd spot price of $1,287oz and around $1,260oz currently,
according to a new report.The SBG Securities report estimates that at least 60% of the top 30 leading miners, representing some 45% of global gold production, are operating at breakeven levels (c$1,500oz) that are well above the current gold price.
Further, it shows that by FY2018 about 50% of global production will likely require a breakeven gold price of c$2,400oz at a year-on-year unit mining inflation rate of 10%, which is looking a bit mission impossible with the report estimating a gold price averaging about $1,455oz this year and rising to $1,620oz for 2016.
Read More @ MiningBusiness.net
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