Yeah im sure many more miners will either reduce workforce/production or have a temp shut down.
Do NST have any debt? have not looked in a while.
Regardless i think the likes of EVN and RRL ect that have very low AISC no debt and plenty of cash to weather the storm will be great long term investments if gold keeps going up and stays up.
The question is if temp slowdowns or shut downs occur how long will they before and how much could the share price go down..
Kind of a tricky situation, if EVN has no productions impacts it's a screaming buy at current prices considering profit margins with AUD gold and cheap diesel for production.
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Last
$3.73 |
Change
-0.220(5.57%) |
Mkt cap ! $7.407B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.90 | $3.73 | $68.66M | 18.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21612 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 46587 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$3.74 |
Change
-0.220 ( 5.42 %) |
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| Open | High | Low | Volume | ||
| $3.89 | $3.89 | $3.73 | 5691901 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| EVN (ASX) Chart |