The interesting thing is that in a rising gold price situation, it is actually the higher cost miners that do better.
Hypothetical example - type of costs not specified, all in the same currency:
Gold price - $2500
High Cost Company A. costs = $2000 per ounce. Margin = $500 per ounce.
Low Cost Company B. costs = $1500 per ounce Margin = $1000 per ounce
Then gold price increases to $3000
High Cost Company A Margin now becomes $1000 per ounce. Up 100%
Low Cost Company B Margin now becomes $1500 per ounce Up only 50%
EVN chart, page-2393
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Last
$3.87 |
Change
0.110(2.93%) |
Mkt cap ! $7.685B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.90 | $3.80 | $34.54M | 8.974M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 182060 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 22974 | 5 |
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| EVN (ASX) Chart |