Many gold miners in dire straits despite costs cuts
By GCRU Gold News on Saturday, April 11 2015, 01:39 - Permalink
The latest detailed report on gold from GFMS in London does not make pretty reading for those either running gold mining operations, or investing in them. According to the specialist precious metals consultancy around 50% of the gold mining sector looks to be lossmaking on its own calculated All-in-Costs basis at a $1,200/ounce gold price.