gold mining costs headed up

  1. 5,447 Posts.
    Before buying your gold share, look at their hedge book. Hopefully they hedged when the price peaked. For gold to go up, so must costs as inflation drives the gold price. With energy prices going through the roof some gold miners will be feeling the pinch as their costs rise. By locking in sales at the high price some months ago they will ride out the lower price and sideways movement at the moment. Those that had high costs before the price drop will be best avoided.
 
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