Jake Klein

Five years ago, Australia would have been in the highest-cost quartile of gold miners, today it is probably the lowest, in absolute terms and also when taking into account the weaker Australian dollar.

Investor sentiment in gold is understandably very low and investors have lost a lot of money, not withstanding that, the Australian gold sector is undoubtedly a good place to be. Costs are coming down and with the falling Aussie dollar supporting a higher A-dollar gold price, the profitability wedge per ounce is widening.

mergers-acquisitions