Major Gold Miners' AISC, page-9

  1. 9,111 Posts.
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    Above ground stocks dwarf mine production, availability of the 99% changes depending on price and the market at the time, i don't see how a few high cost mines or more closing puts a floor under the price, hedging or not. I think this thought process is just copied lazily from base metal analysis as the gold supply and demand is more complex.
 
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