2 replies to this topic

[SilentOne]

For a period where gold ranged from 1050 to 1260, these results show how difficult gold mining can be.

Over the past decade, the dollar gold bullion price has increased nearly fivefold, suggesting that gold diggers would by now be reporting stellar profits and cash flows. But numbers produced by seven of the world's biggest gold miners for the first half of 2010 (others do not publish detailed figures for the period) tell a mixed story.

Gold miners face transitions
Numbers from seven of the world's biggest gold diggers show that Gold miners are in the money, but face headwinds in rising costs, and scarce "pure gold" opportunities.

Author: Barry Sergeant
Posted: Friday , 13 Aug 2010

http://www.mineweb.c...e...tail&pid=33

Edited by SilentOne, 15 August 2010 - 10:38 AM.

[dougie]

yep : if they cant make money now, when will they... nevertheless, i like the bearish tone you thinking we have a bit more down b4 your cycle low due?

[SilentOne]

hi dougie, I'm still unsure how we make the next 15 week cycle low, but it is due as early as next week. I'm flat PM trading positions right now. cheers, john