NST Market Manipulation - Churning, page-16

And importantly their input costs are also falling in AUD:



From a recent BDR presentation another major input cost, cyanide has fallen from $5kg to $2.50kg.

I would also suggest that due to stress in the iron ore, coal and gold sectors that labour rates are either stable or falling, especially if you have a sharp management team that are cutting staff numbers to drive efficiencies - cut the expensive guys first, fly-in-fly-out, contractors, etc, etc...

EVN was recently able to reduce it's drill and blast costs by 25% by changing from their incumbent operator, ASL, to another national service provider who had a rig idle.

It's not all one way traffic and it pays not to simply look at USD POG when freaking out and thinking the Aussie gold sector will sink into oblivion in its entirety (some will survive and likely prosper).

Cheers
John