KGC - Chart Link - here's a weekly chart
of KGC, read my comments, obviously it's been a horrible long term
investment, one person I know has held KGC for 10 years.
Many of you have alluded to this before i.e. the souring
costs/expenses of mining gold out of the ground - for example it
costs KGC about $1472 to produce an ounce of gold! that is
not much lower than the current price of gold; in 2011 their cost
was approximately $1088.
Again this has been one of the major fundamental problems with
many gold stocks, their rising costs of production.
KGC gold stock
Posted by matt on 17th of Mar 2013 at 12:49 pm
KGC - Chart Link - here's a weekly chart of KGC, read my comments, obviously it's been a horrible long term investment, one person I know has held KGC for 10 years.
Many of you have alluded to this before i.e. the souring costs/expenses of mining gold out of the ground - for example it costs KGC about $1472 to produce an ounce of gold! that is not much lower than the current price of gold; in 2011 their cost was approximately $1088.
Again this has been one of the major fundamental problems with many gold stocks, their rising costs of production.
Other Miners: GG - costs $1082, ABX - $1277, AEM - $1343.
If some of you have a lists of all or most of the costs for the miners, that would be helpful.
Gold price
Posted by paul b on 17th of Mar 2013 at 12:59 pm
What you are saying is miners will stop production until the price rises? This is usually the case when the price is close to a bottom.