low cost australian gold producers

With gold price hitting all time highs, gold miners are becoming highly attractive once again.
I delved into aussie gold miners back in 2008 after the GFC and scored some bargains such as SLR, IGR and OGC (NZ).
Australian Gold Producers have low sovereign risk and over the next 6 months I think we will see that certain companies have become highly profitable.

Obviously one of the biggest factors impacting profitability is production cash costs.

At one end of the scale you have high 'cash cost' gold miners such as Crescent Gold (1276 A$/oz) and Navigator Resources (1142 A$/oz). These mines are maybe viable at current gold prices but could be in trouble if gold prices drop.

I have hand selected 5 companies that based on low cash costs have potential for good profit margins are:

RMS
Production (koz/yr): 101
Cash Cost (A$/oz): 364

EXS
Production (koz/yr): 66
Cash Cost (A$/oz): 419

IGR
Production (koz/yr): 55
Cash Cost (A$/oz): 537

NST
Production (koz/yr): 87
Cash Cost (A$/oz): 593

RRL
Production (koz/yr): 72
Cash Cost (A$/oz): 569

Source: The Gold Beaver Report.

Note: I only looked at aussie gold producers with the majority of their mining in Australia.

There are obviously plenty of other factors to look at when picking the best gold stocks e.g. market cap, management, mine life.

Gold Producers are the safest bet in this economic climate but I will also be looking at Australia's Gold Developers and Explorers which are high risk but potentially high reward.