Ann: Edikan Gold Mine Update , page-25

Yes I have seen there are many producers, including plenty of majors that use around $1500. No doubt part of the reason for the big falls in sp.

1-3 years ago the African focussed golds were all the rage because of lower costs compared to here.
PRU around $1100 but SLR in Australia is around the same.
At least it was when the AUD was equal to the USD.
RRL much lower cash costs and also in Australia.

IMO, the Australian producers are now in a much better position. Their costs are in AUD, not USD so SLR would now have a better margin than PRU thanks to the AUD well below parity and margins will only improve for local producers (relative to the margins of those producers that have cost measured in USD) as the AUD falls further.
If commodity prices continue to weaken with the world economy, the AUD will fall much further. Not much help for PRU if POG holds here but a big help for local producers which can cope with even lower POG as long as the AUD falls more quickly or at least in line.

I got the early bounce that I expected and this may run further on short covering (speculation) but I would expect Aussie producers to outperform strongly from here because of my negative views on the AUD.