australian dollar gold price ..., page-38

In the name of fair and unbiased reporting, thought I'd provide an update…..

With the US dollar exchange rate currently at 0.92280 and gold at US$1390.70 we now have an Australian dollar gold price of $1413.62

That's right, now moving well below A$1500 and heading to A$1400(?)

This is starting to look less healthy for efficient, low All In Sustaining Cost local producers such as NST.

It is also now providing lower margins to Australian producers like SLR that have had their share prices massacred. (From memory SLR's All In Sustaining Costs at Mount Monger are around A$1020.)