(Bloomberg) -- Gold stocks have failed to keep up
with bullion prices this year. As mining costs slow and as the
companies find more gold that can be mined at a profit, the
shares have every reason to rebound.
Mining costs, which have doubled in the past seven years,
are starting to moderate as some producers focus on larger,
higher-grade mines in countries where operating expenses are
lower. Average total cash costs for North American producers are
forecast by National Bank Financial Inc. to fall 1.9 percent in
2008 after gaining by more than a fifth this year.
Read more at Bloomberg Stocks News
with bullion prices this year. As mining costs slow and as the
companies find more gold that can be mined at a profit, the
shares have every reason to rebound.
Mining costs, which have doubled in the past seven years,
are starting to moderate as some producers focus on larger,
higher-grade mines in countries where operating expenses are
lower. Average total cash costs for North American producers are
forecast by National Bank Financial Inc. to fall 1.9 percent in
2008 after gaining by more than a fifth this year.
Read more at Bloomberg Stocks News
No comments:
Post a Comment