Gold price not high enough to sustain miners

http://economicrisis.com/gold-price-not-high-enough-to-sustain-miners/1427

Gold price not high enough to sustain miners

BloombergIf gold miners were told a decade ago that gold would be worth more than US$1,600 an ounce, they would have been popping the champagne corks.

When the senior gold miners started reporting “all-in” cash costs earlier this year, investors noticed something startling: they aren’t making much margin at all.
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