**aussie gold producers to go bust?**, page-4

  1. 3,800 Posts.
    sp

    there are already some very serious challenges going on in the mining industry with regard to skills shortages and rising contractor costs.

    These are very serious issues at the moment:

    1. oil price high = high diesel price
    2. Skills low = high wages and low productivity
    3. equipment costs increasing

    We have already seen CRS and now VRE shelve projects. In the background there is a lot of pain happening that has not yet shown up in profit reports, but it will.

    Noone is talking about what is happening to costs at established producers. I would not be buying a marginal producer at the moment.

    acturtle







 
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