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%
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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. |
---|---|---|
$3.87 | 22974 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 257 | 3.860 |
2 | 9761 | 3.840 |
1 | 5000 | 3.820 |
3 | 15157 | 3.800 |
1 | 649 | 3.790 |
Price($) | Vol. | No. |
---|---|---|
3.870 | 11322 | 2 |
3.880 | 32599 | 6 |
3.890 | 24882 | 5 |
3.900 | 61519 | 10 |
3.910 | 30032 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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