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.

Jake Klein

Categorized in : Company News

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.

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