Full year result, page-21

I think there is a more simple way to look at this. Most producers, certainly not all producers but now obviously including MML, are going to need a higher POG to continue operating at current global levels of production. No increase in POG, global production will fall until POG does rise. The longer it takes for gold to rise significantly, the more mines are shut down or scaled down and the greater the needed rise in POG will be to bring them back into production. Miners won't bring back production that will be marginal, they will wait until there is a strong enough margin to offer a decent buffer to volatility in the POG.
These current widespread negative cash flows are a positive for POG and therefore also for the remaining profitable producers.