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Gold is Getting Close to the Red Zone

Gold is Getting Close to the Red Zone

Rising costs have been the biggest headache for gold mining companies over the past few years. While the price of gold was rising, this was not a problem but now the price is falling this could start to cause some serious problems for the miners. All-in production cost of gold – full year guidance: Company All-in cost ($/oz) Goldcorp $1,000-1,100 Newmont $1,100-1,200 Barrick $1,000-1,100 Agnico $1,075 Kinross $1,100-1,200 Meanwhile, the price of gold could have further to fall… If the…

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