yeah Super Mario wants Euro down
I think GDX was involved in USA options expiry but AUD gold definitely down.
I see Cadia Concentrator has resumed operations. I find it interesting a mine in Ramp up for what seems like an eternity already suffering serious problems with major components.
Interestingly they carefully say Cadia's Capex Cost Guidance FY16 unchanged, but going on the cost blowouts last QTR as a group I cant see them growing EPS in FY16 given the AUD Gold price has suffered big-time this QTR,,,and after two QTr of accidents or failed machinery causing production problems as gold AUD was rising, looks like they missed the boat - again this half.
Sounds like some costly repairs coming following what would have been a costly exercise to get it online after 3plus weeks
Good luck, COPPER and GOLD AUD prices below
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