The drop in fuel prices at the pump will be a plus for the economics of hauling ore to the plants both at southern and northern operations, especially CMGP. Goes straight to the bottom line. +$$ Not only are prices down but given the world glut of oil, and Iran soon coming back into the market, this will be a positive for some considerable time, most likely.
MLX has also de-risked in that it has hedged production substantially ahead of the dip in gold prices. That was well timed, at least for now. So a dip in the gold price will not make a big lot of difference as MLX will still be getting $1625 for a large share of production. +$$
MLX Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
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